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Gold/Mining/Energy : ALMADEN
AMH 32.18+1.3%3:59 PM EST

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To: Chris A. who wrote (90)7/17/1997 12:33:00 PM
From: Thomas Boychuk   of 119
 
Sorry for the delay in responding. Amh is today loooking better at about $C1.55. The Erika drill results were out last week but were
not as good as expected. The next drill program will be at Caballo Blanco near Vera Cruz.Trenching is being done now which will
be followed by drilling in the next few weeks. This target area
is better than the Erika prospect.
The markets are terrible up here on the resource board and should
improve soon. Can't get much more of a sell-off than what has occured
over the past 3 months. All the precious metal stocks are feeling
this decline!!
Regards
Tom
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