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Gold/Mining/Energy : EXPATRIATE RESOURCES EXR.v

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To: Grant Stewart who wrote (24)10/14/1997 11:26:00 PM
From: Grant Stewart   of 45
 
Expatriate price back up as the mega news release nears.
They just shutdown the rigs and came out with over 1000 core samples. The news release will be in the 3rd or 4th week of June. The first 3 pages are already written. They will have assays on about 87 holes on the Ice property. There will be a reserve update done in early 1998.
They had 3 ground crews out there all summer tly south of the Wolverine and they defined future drill targets.
They have about $3 million left in the bank for next spring's drilling.
This company is in good shape and the results will be very encouraging I'm sure. Expect some price movement before this is over.
GAS
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