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Gold/Mining/Energy : ETC Industries - Gold - Peru
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To: pete meyer who wrote (146)8/6/1997 5:19:00 PM
From: pete meyer   of 244
 
Got this return by e-mail from EIL to-day :

See news release August 1 on Mata Mata Peru.

The first drill hole was great, the second was not good & the third was
so-so. Geologists have determined that the results do not indicate enough
precious or base metals for economic recovery.

Upcoming news on negotiations with Queenstake for three more
property joint ventures in the Ancash area, Peru. Two of the
properties have been drilled by QTR and encountered gold
mineralization to depth.
One property is adjoining the Pierina Barrick deposit to the north and one
on the south.
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