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Gold/Mining/Energy : Lytton Minerals

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To: .Trev who wrote (56)	9/29/1998 7:30:00 PM
From: VAUGHN	of 92

Hello Trev I would not assume a cluster yet based on this news release. Suggested pipe size (unconfirmed) would appear to be at least 1.4 hectares which is roughly in the middle or average up here. Once the drill comes out the other side and a few more holes are drilled, it should be more clear about actual dimensions. Announcement did not state whether pipe was on 100% LTL ground or not and you should keep in mind that out of the 200 or so pipes found up here so far, only about 12 or so appear to be economic, so you may not want to hold onto that little bonanza too long. A lot of trading opportunities will occur between now and when LTL confirm if a cluster has been found and they prove economic. Be careful. Beautiful Fall up here this year so not frozen yet. Regards

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