Mt. West--Best gold/energy combo Message Board

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Gold/Mining/Energy : Mt. West--Best gold/energy combo

MWR 25.79

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Jul 27 5:00 PM EST

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To: Dale Schwartzenhauer who wrote (55)	5/7/1998 9:32:00 PM
From: Dale Schwartzenhauer	Read Replies (1) of 77

More developments in the Elkhorn District, Montana: $720,000 private placement Treminco Resources Ltd TMO Shares issued 10,508,197 May 7 close $0.68 Thu 7 May 98 News Release Mr. David Hottman reports The company has negotiated a private placement of 1,200,000 shares at 60 cents for gross proceeds of $720,000. A portion of the private placement will be purchased by company insiders. A finders fee is payable on a portion of the private placement to an arm's length party. Proceeds will be used to complete a detailed due diligence review of the 1.6-million ounce Elkhorn project which was recently optioned by the company from Newmont Gold Company and for general working capital purposes. The due diligence program will include confirmation drilling and audit, revision of reserves and mine plan, metallurgical audit and a review and update of environmental, permitting and community issues. In addition, the company will initiate a comprehensive exploration plan to investigate untested drill targets and identify new areas of interest.

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