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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: Mr Metals who wrote (153)12/2/1997 11:39:00 AM
From: The Vet  Read Replies (1) of 406
 
From information I have obtained from GLR the mining permits are not subject to court approvals; only government ministerial approval. The company is confident that they have had everything in place in respect to these approvals for some time and they have been "unoffically" told that they have fulfilled all of the conditions. The problem is that they do not have the "official" piece of paper, and until they do nothing can be considered certain. The Placer Dome, Crystallex issue is quite different and concerns ownership of their disputed lease and it has yet to be properly resolved. I am reasonably confident that we will get something on the veta rights before the end of this month, but that is only an unsubstantiated rumour from indirect contacts in Venezuela, so don't bet the bank on it..
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