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Gold/Mining/Energy : Precious and Base Metal Investing

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To: jrhana who wrote (24566)	11/26/2003 9:28:15 AM
From: VAUGHN	of 39344

Hello jrhana I believe we were discussing this play a few months ago so I thought you might find this of interest regarding Panoro Minerals (PML.V): Mr. del Valle, firstly I will touch on the subject of the Philippines project. We are still working with Mindoro to finalize the formal agreement so that we can begin our commitment as laid out in the news release regarding the LOI. With regards to the El Rosal project, the initial work program was completed, and recommended the phase two program (drilling of both targets). The president has been down in Peru for the last week working on signing a drill contract to initiate the much awaited drill program which will entail approximately 1600-2600 meters to effectively test the copper & copper/gold targets. We should have an update to the market shortly. Regards, Darryl Jones Ascenta Representative Ascenta Capital Partners Inc. These warm weather plays in prolific southern gold belts can do quite nicely over the winter in a gold bull market such as we have right now. Thanks for the heads up. Regards Vaughn

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