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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)
NBL 8.4600.0%Oct 6 5:00 PM EST

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To: Ron Pitts who wrote (31)10/11/1996 12:43:00 PM
From: Chris A.   of 407
 
Howdy Ron,

Welcome to the world of BLO. I spoke with Robert Matthews at BLO IR
this morning and he said the news release won't be out until next
week after the holiday on Monday.

He said most likely, Tuesday or Wednesday. It will be a positive
release. I suppose with the holiday, many in Canada are taking today
off for the long weekend. So today isn't the best day for a release
anyway. Its probably just as well they wait for all the assays.

One thing you have to remember when you see the release is that
depths of drilling are not deep. This was done because it is felt
the geology in the area indicates near surface deposits. For example,
Golden Stars' Gross Rosebel project in Suriname (close by) has proved
up 2 million plus ounces in just the first 20 feet!!

I'm sure they will expand the drilling to get a feel for how big the
deposit is. I just want to forewarn you in case the ounces per ton
are high, but the depths aren't. This is what were expecting.

Robert also mentioned they are now seriously investigating how to
best promote the stock so that most investors like us know their
out there.

I suggested the Stockhouse (www.stockhouse.com) as a spot where a lot
of investors interested in the canadian markets go to on the net.

I think the fact that as they are getting the assays back, they are
thinking about promotion is a good sign. Whey promote crappy results?
They have to be good.

I really think were at the begining of something big here. Just be
patient here and you'll be rewarded for stepping up to the plate when
most investors either never heard of BLO or were afraid to take the
plunge.

I'll post more as it becomes available...
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