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Gold/Mining/Energy : Alliance Pacific Gold Corp, V.APG (formerly Yukon Gold -V)
APG 36.07-0.9%3:59 PM EST

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To: Gene Veinotte who wrote (40)9/23/1997 1:57:00 PM
From: Keith Utz   of 209
 
To all

My main focus on APG was the Russian properties which do seem outstanding. I spoke with Cary Martin(APG) and he did say that the 150 oz au per ton mentioned on a previous on this thread was totally out of line but there could be ozs/ton which would be a bananza when we usually hope for 3-4 grams/ton. They found on the Tokhto Deposit that when they separated the course gold by gravity separation the gold grade increased 2-9 times as compared to ordinary sampling. They already have reserves of over 2 million ozs au and a resource of over 12 million ozs au. I'm basing all this on information faxed to me by the co.

If all the above is reliable information than the stock is very undervalued, however I'm a little concerned at the retractions they had to make on there last PR. There was a lot of hype in that PR apparently.

Comments anyone?

Keith
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