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Gold/Mining/Energy : Cobalt Plays and Uranium plays

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To: Ahda who wrote (9)5/6/1997 7:37:00 AM
From: Randal Andrews   of 57
 
Darleen:

I agree with your assessment of Labrador as one of the best exploration terrains for this season. Our company, Rockhopper (private) has been conducting exploration in Labrador since before Voisey's. We are exploring southeastern Labrador for porphyry copper/gold and precious stones.

As regards to nickle exploration, it must be realized that there was very little data available to companies to work from, as this is really the vast unexplored. Some people in the markets want instant gratification and have been disappointed that 'another one' hasn't been found...yet. Companies working up there had to literally start from scratch to gather and analyse data. Whether the market likes it or not this takes time. I am optimistic that the companies seriously working to find an orebody in this region now have enough data to make informed decisions regarding targets. This should bode well for the season. It would not surprise me if a significant discovery is made this year.

Randal
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