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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)
GMO 0.01210.0%Jan 21 4:00 PM EST

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To: Ron Everest who wrote (473)5/29/1997 2:55:00 PM
From: Daytek77   of 588
 
Ron

I re-read the release. It says they drilled 4 holes in the central section of the Posie target. The holes were assayed but not "logged". "Four drill holes have tested the central area to 30 metres. The recovered core was assayed, but not logged, however, 7.5m of recovered core averaged 13.66 g/t gold." I don't know why they did not report on the other 3? At any rate it remains a waiting game for the drill results. I would expect an end of June or early July release and movement up or down prior to that depending on what the expectations are.

Best regards

Tony
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