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Gold/Mining/Energy : Fairmile Gold
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To: gennady who wrote (3609)7/8/1998 5:18:00 PM
From: Steve Stakiw  Read Replies (1) of 4057
 
There are presently no plans in gear for a roll-back that I am aware
of. However, this does not preclude the possibility of one happening.

The AGM will be held towards the end of November, no specific date set
yet.

The Company is presently working at securing a joint venture partner
for the Buffalo Valley project. Interest has been good but the
depressed gold prices and junior resource climate has resulted in the
seniors being very careful and selective.

Buffalo Valley remains a quality asset with a very good possibility
of increasing the gold resource (+600,000 oz Au). This has not gone
unnoticed by a number of interested parties. The Company hopes to be
able to announce a new JV partner soon.

Steve
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