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Gold/Mining/Energy : Pacific Wildcat (V.PAW)
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To: Dav!d who wrote ()8/12/1996 3:16:00 PM
From: Dav!d   of 47
 
Does anyone own shares of this company????

They just released a press release today and it appears really positive. I want to know if I am the only one following this company.
Recall they have two properties in Indonesia and the Sulut property is the most advanced. They are currently at pre-feasibility stage with an estimated resource of 800,000 ounces of gold but it appears that the mineralization is more extensive than they thought. They are currently drilling with two rigs and will start to do some step-out drilling at other targets 500m away in all directions.

The float is very small and the stock is tightly held. Today, it has gone from $2.30 to $3.00 with only 58,000 shares traded.

Here is a summary of the results:

interval grade(g/t)
50 2.04
40 5.20
61.1 1.98
20.65 7.95
58 1.60
28 2.63
32 4.22
66 1.58
52 2.37
26 2.40
132 3.04
53 2.00
42 1.92

As you can see, these results are very good. I will post the news release if ANYONE cares!
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