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Gold/Mining/Energy : SVG:VSE Spire Ventures Ltd.

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To: Elizabeth Andrews who wrote (37)	10/15/1998 11:03:00 PM
From: pal	of 44

Liz Just received channel samples results from Spire.They should be on spire web site tomorow. To sumerize,6 channels representing 174m. from south ramsel hill with following values;cb2 trench with 4.9m of 3.07 g/t, including 1m of 12.40g/t, cb4 trench with 34.3m of 1.42g/t including 16.8m of 2.1g/t and 3.7m of 5.96g/t and cb6 trench with 28.9m of 1.06g/t including .9m of 13.13g/t.All channels (6) recorded consistant gold values and 2nd. drill hole is turning in this area.To the south east, mapping and prospecting have extended the length of the known epithermal system to over 2 km.Also , in the original area first drilled to the north (400m) they have discovered a new area of quartz veinning with local visible gold.. Initial grab samples returned good values from 8 veins over 20 meters, including a high of 22.30g/t and low of 1.1 g/t.Trenching is begining in this location.I know channeling results are not as exciting or significant as drill results but they have not come up empty anywhere.The strike length they are now defining is over 2km long and 200m wide with openings to the south east and north.What do you think?Or is this to preliminary.Your expert advice or analysis would be appreciated.

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