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Gold/Mining/Energy : BANDORE
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To: Leo Raftis who wrote (1213)4/6/1998 1:58:00 PM
From: Y. Buffet  Read Replies (1) of 1692
 

The two deep holes are complete...core split and logged and into
the assay lab last week. Should have some results after Easter confirming that the mineralization is continuing to run at depth. Apparently, it takes longer per meter to drill the deeper holes. I believe the work is now to a vertical depth of between 700-800 meters. In fill drilling could allow Joe to double the tonnage on the WEST side which to date has made up the bulk of the resource calculation.
The spring break up may delay work on the Wynward property
(Platinum, Playdium, Chromium etc...); I understand that the outcrop is only approximately 100ft. from the road and when conditions permit a loader will be used for stripping and trenching.
The majors have been moving up for months and more recently the intermediates, hopefully it is our turn next. I believe gold must break through $315 U.S. and stick at which time it should be able to test the $350 U.S. level. Unfortunately, the European central bankers have put off setting their reserve allocations until June-July, but the current market trends seem to be anticipating gold to make up 10%+.
All long suffering shareholders take heart as this is the year the true value of Ban properties should be recognized by the market.

Good luck
YB
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