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Gold/Mining/Energy : Consolidated Magna Ventures (CMV.V)

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To: david f. dempster who wrote (83)9/11/1997 5:14:00 PM
From: John Fairchild   of 380
 
Just spoke to Julie. Hole 5 completed and they reached the target depth of 200m. They have had some rain which has slowed them down in preparing hole 6 drill pad. New assays will be out next week with more undergound results and possibly showings on other parts of the property. Sounds like we are going to have to wait for any drill hole results until they have assays back on completed holes. She is uncertain whether they have any assays back on any of the partial holes.

Looks like some of the flippers who bought on the expectation of drill hole releases can't wait and are selling. I think they will be sorry. Not much volume anyways.

John
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