BALACLAVA MINING (BIL.V) Message Board

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Gold/Mining/Energy : BALACLAVA MINING (BIL.V)

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To: Pete Mimmack who wrote (76)	8/16/1998 12:53:00 AM
From: stockclub	Read Replies (1) of 139

NEWS RELEASE August 14, 1998 DRILLING TO COMMENCE AT EL CORAZON/ EMPLOYEE STOCK OPTION Balaclava Mines Inc. is pleased to announce that drilling at the Company's El Corazon Project in Ecuador is scheduled to commence on August 25, 1998 and results will be released on a regular basis. In addition, the Company has granted, subject to Vancouver Stock Exchange acceptance, an employee stock option to purchase up to 50,000 shares of the Company, exercisable at $0.91 for five years. The average closing price of the Company's shares for the 10 previous trading days is $0.91. BALACLAVA MINES INC. ******************************************************************** From 'perspectives' newsletter perspectives@shaw.wave.ca Balaclava (BIL) goldgroup.com Drilling is to commence on the company's El Corazon property in Ecuador on August 25th. That gives some fuel for the promotional fire, we expect this stock has good upside potential in the next few weeks. It may be quiet for a few days, but watch BIL as it should get some attention in the short term. 70/100.

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