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Gold/Mining/Energy : Int'l Freegold Mineral Development Inc./ITF/VSE

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To: Hans Nonchen who wrote (61)5/13/1997 12:21:00 PM
From: Robert Douglas Hickey   of 298
 
On the promotional front...

1. Attendance at the NY Gold Show, month end. Also a number of meetings in NY and the Eastern Seaboard around that time.

2. Mass mailing. The International Gold Group Quarterly, an in-house publication featuring ICA and ITF, will be mailed within two weeks to a recently acquired list of about 8,000 new names. Probably also to be inserted in the Northern Miner sometime soon. This program was delayed by the Bre-X thing.

3. Re buy recommendations. One crossed my desk a couple of weeks ago, but had several inaccuracies and inconsistencies, and has been sent for revision.

4. Short to mid-term outlook. Such a tough question! Too many variables. IMO, the Almaden study will enable us to build a higher profile for ITF with the analysts. Post Bre-X, a project with 20 years of exploration and a final study in hand will look like a very safe recommendation. Success here will take a little time, however. First drill results from Alaska will be in hand in July, not the most dynamic of market seasons. Look for appreciation in the fall, barring unforeseen circumstances.

Regards,
Robert Douglas Hickey
Manager, IR
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