International Tournigan(ITG.V)announces major discovery Message Board

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Gold/Mining/Energy : International Tournigan(ITG.V)announces major discovery

ITG 30.23

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Feb 28 4:00 PM EST

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To: Chuca Marsh who wrote (20)	11/26/1996 7:45:00 PM
From: Richard L. Brown	of 347

Charles, An Independent Geologists report has been started. Some interested parties in the deal are asking the same questions. I should have access to at least one report very shortly. As to the new drill & bulldozer, I'll have to do some checking. The thing everyone seems to be overlooking in this deal is that you must understand the veining structures in Ghana. Experience with other mines in the area indicates that the veins get wider as they go deeper, and the ore grade gets better the deeper they go. I think it would be realistic to say that it's too early to tell here if the company has one million or ten million ounces.....but we know that based upon what they have done so far, they have at least one, if not two gold mines here. How many of the core results that have been released lately are showing mineable ore bodies on every core? As to tax selling, that certainly could be a possibility, but hopefully there will be a big buyer out there that realizes the potential here, but if there is, they'll probably accumulate at the lower prices if they're smart. That's all for now! Richard

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