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Gold/Mining/Energy : Takla Star Resources (A.TKR)
TKR 101.65+2.7%3:03 PM EST

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To: Lee Bush who wrote (14)8/3/1996 11:02:00 AM
From: Lee Bush   of 85
 
After talking to Pallaum people again, they indicated that, although the Takla Star drillings showed similar structural pattern, they did not find the type of rock that Diamond Fields did, i.e. a sulfide deposit lying beneath a gneiss controlling structure. Perhaps someone would like to explain the Diamond Fields structure that we are looking for. I believe the geologic term is lepid rock; this TKR failed to find. PLM will have a report on Phase I and plans for Phase II drilling this coming Tuesday. Also, they put down a few more holes after Phase I to check out what they found more clearly. The PR people think that PLM is headed higher, much higher on basis of what they found. According to them, all results are being fed to two large companies that are interested for review and assessment.
Lee
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