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Gold/Mining/Energy : Gallery Resources (Alberta GYR)
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To: Robert Morris who wrote (1146)12/29/1997 11:52:00 AM
From: Kent C.  Read Replies (2) of 1829
 
Here are some interesting comments from that Herald article:

During November, under difficult wintry conditions, six holes were drilled and four intersected mineralization. Gallery's senior geologist in the field is very encouraged. "At this point there have been no negatives with the property," said French. "We have 105 samples, representing 350 feet of core being assayed now." Assay results should be available by early to mid January.

That linked article doesn't have all the text from the original print. Here is some of the missing text with Bruce Costerd talking about Donner Minerals:

"They made their find on the 75th drill hole in their program, so it's good to have deep pockets backing you," he said. Gallery might not have "deep pockets" but it does have committed shareholders, including Costerd himself. "This year I have personally invested $1.5 million of my own money to finance this company," says Costerd. French says extensive work at the site this past summer and fall has allowed him to move towards identifying precise drill targets in advance of a planned spring program. "We now have legitimate drill targets," he said. Harp Lake 2 was one of the properties staked in Labrador following the huge Inco-Diamond Fields base metals find there about three years ago. Its strong potential was first revealed after aerial surveys Gallery commissioned two years ago which identified several airborne electromagnetic anomalies.

Happy New Year,

Kent
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