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Gold/Mining/Energy : Lyon Lake Mines Ltd

LLL 245.17

-0.4%

Jun 28 5:00 PM EST

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To: Goldentouch who wrote (352)	5/12/1998 11:33:00 AM
From: TrueScouse	Read Replies (2) of 520

Francois: Are you still connected to SI? This is from your post back in February about Placer's exploration in Costa Rica. At Cerro Crucitas, more than 1,600 metres of drilling in two target areas resulted in the discovery of a new deposit, Conchudita, 10 km from the known deposit. A second round of drilling on Conchudita has been initiated. Drillholes and trenches at Conchudita show mineralized intervals of up to 41 metres at 2.8 grams of gold per tonne with the potential to add 1 million ozs. of high-grade ore to the project. The current measured and indicated resource at Cerro Crucitas is estimated to be 2.2 million ozs. of gold. Any further news about Placer's plans to sell the Crucitas deposit? Do you have any info about timelines for decisions on this? And how are things going at Beta Vargas? An update would be much appreciated. Also, if anyone else has any news, please jump in! Best regards, Howy

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