JNN-VSE HIT BIG ........21 oz. gold in grab samples Message Board

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Gold/Mining/Energy : JNN-VSE HIT BIG ........21 oz. gold in grab samples

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To: Benjamin Ng who wrote (27)	9/24/1996 1:50:00 PM
From: Benjamin Ng	of 124

Day #3 at the Conference... today, I met Dale Hoffman at the JNN/KPG booth (on Sunday, Mr. Hoffman wasn't there... it was Tom Williams who I met). Hole #1 in the Ridge Zone was completed last night (Monday), to a depth of 416 ft (127 m), with high amounts of mineralization at depths of 148 ft to 200 ft (45-60 m). Samples should be sent to lab by Friday, and Mr. Hoffman hopes they will assay over the weekend. Apparently it was raining heavily last night, so not much could be seen. Hole #2 began today, of about 10 in total. They are completing a hole about every one or two days. Lab work should be regular once they start getting samples flown to Saskatoon as they are drilled. He says results might be available late next week or the week after. Financing is apparently in place, to the tune of $1.2M in the bank, and possibly another $200-400K from an investor who was at the Conference yesterday. I was informed that aggressive promotions will be upcoming in the next few weeks. "Just give us a little time," Mr. Hoffman told me. Ben PS. Mr. Hoffman should be back in his office by late Wednesday. Call investor relations at 1-800-661-4050.

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