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Gold/Mining/Energy : International Tournigan(ITG.V)announces major discovery
ITG 30.230.0%Feb 28 4:00 PM EST

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To: Aristotle O who wrote (152)6/2/1997 11:39:00 AM
From: Gutman   of 347
 
Aristotle, have you looked at Ghana Goldfields (GHN)? I met two of their
directors at the NY Gold Show and was very impressed with their
prospects and with the low stock price (market cap about $16 million
(Can) fully diluted. They share a large anamoly in South Ghana with
ITG which gave trenching results of 2.0 g/t. Neither company has been
permitted to drill because of environmental restrictions (a forestry
reserve). ITG tried to hit the zone from outside the restricted area
and missed. Management expects the government to finalize its drilling
policy in a few days, and that the policy will permit all companies
with properties in forestry reserves to drill, using proper safeguards.
This should breath some life into ITG and GHN.
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