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Gold/Mining/Energy : 1 Million oz. and up.

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To: Robert Dydo who wrote (25)	1/15/1998 4:49:00 PM
From: Mr Metals	Read Replies (1) of 144

Hi Robert NEW RELEASE Greystar Resources Ltd - Infill drilling results Greystar Resources Ltd GSLShares issued 456253901998-01-14 close $0.9Thursday Jan 15 1998Mr David Rovig reports Results from seven infill holes drilled in the La Alta gold silver deposit confirm the independently calculated reserve value of 3.4 million ounces of gold for La Alta deposit alone. By drilling previously untested areas of the deposit on 50 metre centres, Greystar believes that both the confidence level and tonnage of the resource will continue to increase. The seven holes account for approximately 12% of the 1998 infill drilling program being carried out by two diamond drills at Greystar's wholly owned Angostura gold project in northeast Colombia. Previously released IF97-1 is included for the sake of completeness. IF97-1 Total Depth 375 m Inclination - 45 degrees Bearing due North Depth Interval Au-Fire Assay From To (m) (m) (m) (ft) (g/t) (o/t) 41.0 56.0 15.0 49.2 1.46 0.043 92.0 123.0 31.0 101.6 2.58 0.075 including 100.0 108.0 8.0 26.2 4.61 0.134 198.0 212.0 14.0 45.9 1.93 0.056 271.0 275.0 4.0 13.1 1.07 0.031 IF97-2 Total Depth 126 m Inclination - 45 degrees Bearing due North 105.0 108.0 3.0 9.8 5.01 0.146 121.2 125.0 3.8 12.5 0.92 0.027 Discontinued - Ground Conditions IF97-3 Total Depth 436 m Inclination - 46 degrees Bearing due North 136.0 142.0 6.0 19.7 1.39 0.041 162.0 172.0 10.0 32.8 1.22 0.036 304.0 324.0 20.0 65.6 1.35 0.039 including: 304.0 309.0 5.0 16.4 3.49 0.102 341.0 346.0 5.0 16.4 1.06 0.031 377.4 384.0 6.6 21.6 0.93 0.027 398.0 400.0 2.0 6.6 1.87 0.055 IF97-4 Total Depth 201 m Inclination - 45 degrees Bearing due North 10.0 18.0 8.0 26.2 0.90 0.026 IF97-5 Total Depth 110.5 m Inclination - 50 degrees Bearing due North Discontinued - Ground conditions. IF97-6 Total Depth 393 m Inclination - 50 degrees Bearing due North 3.0 8.0 5.0 16.4 0.98 0.029 69.5 74.0 4.5 14.8 1.53 0.045 89.0 93.0 4.0 13.1 1.96 0.057 190.0 193.0 3.0 9.8 1.16 0.034 225.0 238.0 13.0 42.6 3.03 0.088 including: 236.5 238.0 1.5 4.9 15.91 0.464 285.0 289.0 4.0 13.1 1.66 0.048 337.3 368.0 30.7 100.7 2.20 0.064 including: 338.0 346.0 8.0 26.2 5.37 0.157 IF97-7 Total Depth 306 m Inclination - 47 degrees Bearing due North 4.5 21.0 16.5 54.1 3.32 0.097 including: 10.0 15.0 5.0 16.4 9.45 0.276 86.0 100.0 14.0 45.9 0.93 0.027 The geology of the drilled area consists of alternating bands of argillized, sericitized, and silicified pyritized porphyry. Most holes show anomalous gold values from top to bottom. Gold mineralization occurs often near surface, however thick bands of relatively higher gold grade were cut in hole IF97-6 between 170 and 250 metres vertically below surface. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Mr Metals

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