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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)

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To: russwinter who wrote (558)5/17/2000 7:26:00 AM
From: Brian MacDonald  Read Replies (1) of 922
 
Russ,

Called Birim yesterday. They have completed about 11 holes so far on the Bui property - about 10% of the total. The Saprolite cover is proving to be only about 8 meters thick and since the holes are about 40 meters, they are getting about 30 meters of hard rock (greenstone).

Drilling is RC so they can't tell what is in the core visually. However, several holes have already gone to the lab for analysis and they should have some word in a couple of weeks.

As you know, this is a good size drilling program (covering about 300 meters by 400 meters of surface area) and if the results prove what they think they have (a property that has similar geological characteristics to those found in the Cadillac Break in Quebec), I expect we will finally see the stock react positively in a big way. Persistence usually pays handsome dividends. Hope this is just another instance.

That's all for now,

Brian
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