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Gold/Mining/Energy : Yamana Resources INC. T- YRI
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To: AMF who wrote (707)10/15/1997 3:05:00 PM
From: Greg W. Taylor   of 2346
 
Sierra:

Thanks for the comment. Just to keep this IR thing in proportion, he's part of a note I received today:

"SDN Sedex Mining Corp sedex.com
It is funny what companies try to get away with when issuing news. Here is what Sedex said on Wednesday:

"The next Sullivan mine may have been discovered on the company's 100%
owned Irishman property in southeastern BC. Results from recent drilling by Kennecott Canada Exploration Inc have led Sedex geologists to believe that drilling has intersected the outer edge of a sedimentary exhalative deposit similar to the nearby Sullivan ore body."

The company must have got in a bit of trouble over that because the
following day they issued the following:

The VSE has requested that the company clarify certain statements made in its news release in Stockwatch October 9 1997. While the company is
encouraged with results from drilling on its Irishman property, results are early and extensive drilling over the next several months will be required to determine the extent of mineralization. At this time there is no assurance that an economic body of ore will be found, or if economic that it will be of comparable size or grade as the Sullivan deposit."

Look for the stock to trade under the $0.75 mark in the next while."

Cheers

Greg
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