Southern Metals - SUH.V (formerly Aranlee Res. - ARB.V) Message Board

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Gold/Mining/Energy : Southern Metals - SUH.V (formerly Aranlee Res. - ARB.V)

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To: Rick McDougall who wrote (184)	5/15/1997 10:38:00 PM
From: Jim Kasten	of 254

From Aranlee. Thank you for posting the news release Ron. There is a reasonable map that was included with the text which should be posted on the Company's WEB site soon aranlee.com Re: questions about grade mentioned in the release. Northwest Argentina is a bit different than say what was found at (or near surface) in Peru (ie. Pierina). In this higher-elevation Andean terraine, not much gold is typically found. For example, Taca Taca and Diablillos both appear to have less gold than Aranlee has found at Centenario. And at Pancho Arias, the copper encountered in previous government exploration programs over 20 years ago (105 ft. @ 0.3% copper) is similar to BHP's results published to-date at Taca Taca. Here's my thought on the bottom line for Aranlee's Argentina properties. The properties are very large, porphyry systems that exhibit all the surface charactoristics of possibly representing large, mineralized gold/copper systems at depth. The Company is doing exactly what it should do to define the very best targets for an up-comming drill program this summer with some very good North American geologists running the program. The properties considered for drilling have been selected to a large part by Dr. Barry Rayment (a Director for Aranlee) who was formerly President of Bema Gold. While President, Barry took Bema from a company working strictly in North America and acquired almost all of the propeties that Bema has today in Chile (ie. Refugio - in production, Cerro Casale - largest undeveloped gold mine in the world, Cerro Ramon - potential, ... Enough for now. With a share price in the ________, well let's just say at a two year low, and drilling scheduled for both Voisey's Bay and Argentina next month, Aranlee might be a reasonable company to consider increasing share position. Again, thanks to all that participate in this thread and don't hesitate to call for more info. Best regards, Jim Kasten

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