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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO)

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To: Jeff Green who wrote (69)6/26/1997 9:59:00 AM
From: Ron Struthers   of 285
 
Hello Jeff and all, Mr Carson is up in Vancouver now, trying to get things rolling with the Grasshopper property. No drilling started yet. However some progress on the Utah silver, 500,000 shares @ $0.30 out of London for further work in Utah, also a major is visiting the property.

A major to PHO, may not be what we think, like Barrick etc., but as long as they got $$ to explore, lets hope for good news here.

PHO does not have a big budget for IR as of yet. I will be doing an updated report for circulation and try to get it into some other publications. PHO does not need much promotion. A very small float.

I think a bouyant PGE market and some drill results on this may be all thats needed

Ron
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