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Gold/Mining/Energy : Royal Oak-RYO

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To: JCgold3 who wrote (957)	4/30/1998 1:43:00 PM
From: bill718	Read Replies (1) of 1706

results of exploration near Kemess... With gold spread around many parts of BC, anyone with confidence in Kemess might be interested in checking out Antares (ANZ:TSE). They have a joint venture in a fairly large property called "Toodoggone" which is only about 30-40 km or so to the NW of Kemess. A huge amount of data has been gathered and a long-awaited first resource est. is due to be released next week. Strathcona was heavily involved with the calculations. The last zone explored last fall came up with a hole showing 4m of over 100 g/t, and the next hole will be drilled in that area early June (this zone IS NOT included in the current resource est. coming next week). ANZ is trading in the .30-.34 range or so which I consider quite cheap. I hold a position because I believe in this company, and thought some of you might be interested because of proximity to Kemess. Regards, Wayne

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