NEVSUN Message Board - Msg: 1481107

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Gold/Mining/Energy : NEVSUN

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To: tomi who wrote (24)	5/27/1997 7:30:00 PM
From: Jim O'Connell	of 205

Hi Tomi and All, I checked my notes today from my discussion with Don Halliday earlier in the year. He said they had drilled 60 RC holes to a depth of 30m on the Gemap concession but did not have all the results yet. That conversation took place in early Feb and as I indicated earlier he wasn't very upbeat about it at that time . However there are many interesting anomalies on Gemap to be tested. This one they drilled on I believe measures 11km long by .5km wide , quite the monster. He indicated exploration was at an early stage on the Kakadian concession mapping and sampling and expected to be drilling by Sept /Oct 97 With $32.5 Million in working capital they dont have to worry about raising capital in this crappy market. Hopefully this one will bring many of us back into the black over the next few months. I am a novice in the junior exploration market and this year sure has been a learning experience. Adios Jim.

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