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Gold/Mining/Energy : ALMADEN
AMH 31.99+1.3%Nov 7 3:59 PM EST

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To: Ron Pitts who wrote (23)10/30/1996 9:31:00 PM
From: Chris A.   of 119
 
Hello to Ron and everyone else following Almaden.

I spoke with Morgan Poliquin (son of President/Geologist Duane Poliquin) who is also a Geologist and is going to be working full time for AMH for a while. He was part of the crew that just completed the drilling at Munro Lake.

We spoke about the Munro Lake property and he mentioned that a news release should be about by mid-November. The seven drill holes and other Induced Polarization testing have helped them determine the size of the anomoly. To make a long story a little shorter, it's huge. Very possibly bigger than the old Brenda mine located about 20 miles away.

The anomoly is copper/silver and they are projecting decent gold credits. This is good news and there might be a bounce when the news gets out.

The only negative is, because of the winter months, they will stop all the drilling at Munro Lake until the spring. They will focus on their Mexican properties during the winter.

I asked Morgan out of all their properties, which two held the most promise. He thought Munro Lake and the Erika property.

If I find out anything else, I'll post it here.

Cheers, Chris.
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