1 Million oz. and up. Message Board

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

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To: david cleveland who wrote (62)	1/31/1998 9:03:00 PM
From: Robert Dydo	of 144

Hi David. They have large number of trenches but very limited number of holes drilled(15?). Some values are excellent, especially silver, but in narrow intervals. This of course is not reason to worry but would be reason to wait for the conclusion of bulk sampling, which again may not be conclusive as to the size of the resource. Inferred calculation is based on geological data available and has not be confirmed by drilling. The data is again trenching and beyond that or rather depth values on 15 holes drilled present very limited view. The cash position is with some 650K warrants issued for 0.65 company under $1M in cash. I also read that company had a problem in repeating some of the high grades in gold and that happened twice already. In this case I have experienced similar situation with SHF in Indonesia. Two assays from drilling one reported some 1100g/t Au on 2m interval assaying of the same core two months later cut that value on half and made stock go 97% down. Recently Teck was reviewing the property and decided to not proceed with the option 50% as uneconomic in today's market. Let us know about the bulk sampling and I hope they will drill this property with better results(recovery). Regards Robert

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