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Gold/Mining/Energy : Columbia Yukon Resources (A.CYR)
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To: Al Nicholson who wrote (650)4/22/1998 11:55:00 AM
From: Simon Lyonns  Read Replies (1) of 686
 
Al,

Management at CYR now say that they expect to recommence drilling as early as the month's end, assuming that Buffalo Hills doesn't see any major rainfall over the next few days.

As for the major (or majors) that the company is talking, mgt won't say who it is. Mgt cites the need for confidentiality when entering into talks with any major mining company. However, if a deal is signed in the near future, you'd expect it to have a positive impact on the share price.

But the imminent recommencement of drilling should revitalize the stock also.

If you hear any interesting rumours as to who CYR might be talking to, it would certainly be interesting to speculate on who it might be and what has galvanized their interest.

Simon
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