THE FAGAN REPORT Latest excerpt on IWA
INTERIM MARKET REPORT #46
APRIL 29, 2000
INTERNATIONAL WAYSIDE GOLD MINES LTD. (IWA - CDNX)
<http://www.wayside-gold.com/>. As I've said before, IWA is producing
the type of high-grade gold exploration results from its Cariboo Gold
Quartz project near Wells, BC, that demand attention. It's stock has
been one of the top performers both price and liquidity-wise since the
hint of a major discovery was released a month ago. The only thing
keeping the really big money on the sidelines in IWA right now, is
confirmation that the high-grade discovery has continuity along strike
and to depth.
On April 17, IWA reported, 'Core for drill hole BC 2K-09 is in for
assay. Drill holes BC 2K-14, 15, and 16 are being logged. Drilling has
commenced on BC 2K-17 at -66 degrees from the same setup as BC 2K-16,
which is 600 feet along strike from BC 2K-13.' If you look at the
drill hole location map at <http://www.wayside-gold.com/>, you will
clearly see that the results from these holes will go a long way in
answering the question of the deposit's continuity. At this moment, I
see IWA as a drill hole play for only very experienced mining stock
speculators. I you fit that description, pay close attention to IWA's
next set of results. This play certainly has its own risk factors. On
the other hand, it has tremendous potential and is providing one of
the very few liquid trading situations on the CDNX at this time.
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Wishing you all the best,
The Fagan Report,
Brian Fagan
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