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Gold/Mining/Energy : Noront Resources (NOT VSE)
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To: Phil Cressman who wrote (33)2/20/1998 4:51:00 PM
From: Phil Cressman  Read Replies (1) of 128
 
Just got off the phone with Richard @ Noront. There may be further clarification and explanations of the drill results coming over the next days and weeks. The results are in the hands of the geologists and they hope to be back drilling asap. Need to understand what they are looking at and how to drill to confirm size and quantity of deposits. "Hole 5 was stopped as planned at 201 metres, however they were in very heavy sulfides and company is pissed of in that had the geologist been on site there is no way they would have stopped at 201m.

Surprise to me was the excitement about the Timmins base metal targets to be drilled in March. Lot of belief that this is going to turn out to be as good news for shareholders as the gold deposits. Said to hold on to your hats. Only reason for not drilling earlier was the cost and some time to understand underlying geology.

Some lads/lasses are selling at the 40 cent range which is good news for me. So far I've averaged down very nicely and will now sit out the next few weeks.
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