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Gold/Mining/Energy : Mt. West--Best gold/energy combo
MWR 25.790.0%Jul 27 5:00 PM EST

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To: paul s. who wrote (61)6/2/1998 2:01:00 AM
From: Dale Schwartzenhauer  Read Replies (1) of 77
 
We should be hearing back from Treminco before too long on the Elkhorn property in Montana. Our side of the district hosts an estimated 270,000 - 280,000 ounces in three mineralized pipes. The unexplored pipes could host another 200,000 ounces or so. Deeper skarn potential which would likely be a source deposit could be on the order of several million tons. I suspect that wouldn't be drilled ahead of developing the resources closer to surface. Meanwhile, we still need to complete a financing for our share of the Guinea property. That aspect is currently underway.

Best regards, Dale
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