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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: GWalker who wrote (40)10/17/1996 9:11:00 AM
From: Chris A.   of 407
 
Graham, regarding your last posting concerning results from other
companies in the area doing similar drilling as BLO, this is what I
found...

I have Golden Star's latest annual report and there is a section
which speaks about their properties in Suriname, specifically Gross
Rosabel. There best results were 2.0 grams/ton over a width of
20 feet. The results only mentioned the width not the depth. This
is because the depth is very shallow, like BLO's Dijon concession.

If you compare that to BLO's almost 4 grams/ton (3.9) to a depth of
7 meters, you see there is tremendous promise here. I know its silly
to use just one drill hole as indicator, but twice the amount of
gold is not bad.

If the other holes are just as good, if not better,
we will see the start of a very exciting story unfold.

Obviously the further drilling planned by BLO will see how far this
goes. They may get widths like Gross Rosabel of 20 feet. Better yet,
they may find a richer source.

The latest I heard from Golden Star is that they are going to drill
into the bedrock at Gross Rosabel. If these results turn up something
good, you can bet that all eyes will be focused on BLO next.

Here's to good geology!
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