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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)
GMO 0.01210.0%Jan 21 4:00 PM EST

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To: Bob Lawson who wrote (403)5/6/1997 2:09:00 PM
From: Bob Lawson   of 588
 
Roundin' 3rd, Going for Home+++

Alice River trenching and drilling resumed

Goldminco Mining Corporation
GMO
Shares issued 13138736
1997-05-05 close $0.72
Tuesday May 6 1997
News Release
Mr Peter Tambanis reports
The company's 1997 trenching and drilling programs have resumed.
Unfortunately, due to cyclonic weather conditions, these programs were delayed
by several weeks. As a preliminary step, the company has finalized the
reconstruction of the road work at its Alice River gold project, which road work
was damaged by abnormal rain and flooding.
The company has received fuel supplies and the portable buildings for completion
of the accommodation workshop facilities for its drilling contractors. Ausdrill Ltd,
one of the two drilling contractors, has advised that it will be on site effective May
20 1997 to commence drilling. Ausdrill anticipates that it will have results from the
drilling program around June 16 1997.
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