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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO)

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To: virginijus poshkus who wrote (158)2/5/1998 10:02:00 PM
From: Ron Struthers  Read Replies (1) of 285
 
The grasshopper property had some encouraging results but the drilling seemed to miss the target, a bit dissapointing

PHO has about $2million in ore stock piled at Coyote Knolls, Probably worth more than this now<g>

The ore grades over 20 opt and they have permits for a 100 tpd mill. Currently raising some financing for some mining equipment to start production, cash flow would be used to further explore and develop the property

Ron
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