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Gold/Mining/Energy : Ag Armeno Mining & Minerals Inc.
AGM 171.76-0.5%Nov 28 9:30 AM EST
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To: Auboy who wrote ()10/15/1997 6:31:00 PM
From: TomKing   of 26
 
AGM-Preliminary discussions to secure option on Sheraton-Timmins concessions. Currently, AGM has four properties:

1. Rib Lake - 160 hectares, contigious to the S. edge of

2. Whitney Lake - 1200 hectares, located in Gillies Limit
Twnshp., 10 Km., N. of Temagami, Ont.

3. Chambers Property - 512 hectares, 13 Km., W. of Temagami

4. Youngs Property - 48 hectares, immediately adjacent to the
S. edge of the Chambers properties.


These properties, 1 - 4 are 100% entitlement, subject to a sliding
scale NSR of 1 to 3 %. With a major overhaul of the AGM website
pending, standby to review the various payment regimens required to
secure these properties on staged increments.

The above is exclusive of the current discussions underway (prelim)
to effect finalization of a multi-property option within the heart
of the Sheraton-Timmins discovery zone. More details to follow once
the proper channels of dissemination have been notified pending
ratification of an agreement.
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