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Gold/Mining/Energy : Chapleau Resources :VSE>CHI

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To: Wil Girney who wrote (44)	5/12/1998 11:58:00 PM
From: Rick the Vet	Read Replies (1) of 118

Wil: White Knight has started drilling on the Chapleau JV Squaw Creek property. My understanding is that a large bore recirculation rig will drill the holes to solid rock and case them and then move on so the diamond drill rig can drill its core samples. Cavannagh wants to try and wildcat this property and intends on drilling four holes to the 3,000 foot level. Takes 4 or 5 days for the surface rig to drill its holes so that by Thursday or Friday the diamond drill should be underway at which time an announcement from Chapleau can be expected. After these holes the rigs will move to Indian Ranch where 16 holes are scheduled. Reminder: if lower plate rocks are encountered at Squaw Creek this is an extremely positive sign as this rock is associated with multi million ounce deposits. Good Luck! Rick The Vet

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