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Gold/Mining/Energy : Best buys in current market

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To: CLK who wrote (173)	6/5/1997 7:30:00 AM
From: pete meyer	of 210

EIL at .25 has 49 % J/V with Queenstake on matta matta EIL... I've been getting lots of calls... "not much happening..." my answer is, patience...!!!! with the VSE off over 30%, and every investor not buying into early mineral plays, EIL will have to have something substantial to bring in the speculators.... I am very encouraged with my conversation with the President today... 1st core in for analysis... 2nd hole being drilled... 3rd hole to start June 12th... and since the visuals on the 1st core were so encouraging they have decided to drill yet a 4th hole with their joint venture partners Queenstake... the visuals on core #1 were described as heavily mineralized, signs of gold, zinc, silver and other base metals... What concentrations, we will not know until the 1st core assay results come back from the lab... but I am very encouraged... especially since Queenstake has recommended a 4th hole be drilled...

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