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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Barry Smith who wrote (21)11/13/1996 9:06:00 AM
From: John Fairchild   of 892
 
This news release paints a real negative picture. It could have been written in a much more upbeat tone. They did hit a very good grade of 6.5 g/ton over 12 feet in one hole. They should have released the assay tables for all to judge. Explained where the holes are in relation to the remain holes. They say they are demobilizing the rig? Was there never a phase two drilling planned? They could have given much more detail. I find this news release strange and will likely cause the market to over react. Is this their intention?

John.
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