Virginia- VIA on Mse Message Board

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Gold/Mining/Energy : Virginia- VIA on Mse

VIA 50.45

-6.7%

3:59 PM EST

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To: Trying hard who wrote (10)	9/3/1997 6:59:00 AM
From: Luc Richard	of 30

Yes, I think something is moving now. I have a news about the Payne project in the Ungava Peninsula, New Quebec ( August 25 ). This project, in a 50-50 partnership with Soquem, is said to be a important discovery. Soquem is a crown company of the gouvernement of Quebec. Compilation and surveys led to the discovery by Soquem and Virginia of a gold-bearing formation located within the Payne volcanic belt. Five channel samples were taken and the results so far demonstrate gold grade: channel length (m) gold grade (g/t) tr-97-01 3.16 8.86 including 2.10 12.39 tr-97-02 4.90 14.14 (not cut) 7.00 (cut) tr-97-03 5.41 1.11 including 0.86 5.49 tr-97-04 3.45 17.65 including 2.45 24.60 tr-97-05 4.7 1.04 including 1.35 2.74 This iron formation has also been identified 7 km south and 2 grab samples have returned 28.98 and 17.90 g/t at surface. I called my brooker yesterday and he said to me that there is a buying recommendation from Yorktown Securities since this discovery. He had a fax yesterday. I am very confident about this company. I hope this will be useful. Luc Richard

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