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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC)
AMC 2.435-6.0%1:12 PM EST

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To: Laser who wrote (29)7/10/1997 11:35:00 AM
From: Laser   of 397
 
To all,

Results out for first seven holes and are available at Stockhouse
and Stockwatch. I can post the release if anyone likes. Judging
by the current share price, the market was expecting more. I'm
no geologist, but the results are indicating about the same grade
and widths as last years program. The widths are down from some
of the more spectacular holes like LO-99 but asking to pull these
kind of intercepts on a regular basis is a bit much? I think the
important thing is that the Lookout zone is still open in all directions!
Gaining 100% in the Trio/Broadgauge claims which may be an
eastern extension of the Lookout, was a smart move by AMC. Yep,
I think that 1.8m ton drill indicated resource will be edging upward.
More results expected shortly. Hopefully the widths will increase.
Best of luck to all.

Leonard ( in for the long-haul )
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