Canadian Gold Stocks under $5 Message Board

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Gold/Mining/Energy : Canadian Gold Stocks under $5

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To: Oak Tree who wrote (62)	7/8/1996 11:12:00 PM
From: Chris Cowan	of 198

Paul- The news today was the discovery of another zone of good zinc mineralization, between 2 previous finds. Also,assays are out on the first infill hole drilled this summer; a good high grade intercept was found (about 4-5 metres of about 14-15% zinc). The purpose of the infill drilling this year is to discover some good high grade sections in order to enable an economical start of a mine. So far, so good. Remember, the PAS people are fairly certain that they have several tens of millions of tons of low grade, but mineable, ore here...they just need some small high grade sections to get started. As a footnote, the news release mentioned that the oil drilling equipment has landed on schedule for startup in early August. If they find the oil they hope for here, the stock won't be anywhere near the price it is now. And don't forget the diamond possibilities in the long term! Regards, Chris

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