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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: alte who wrote (1198)	1/3/1997 12:26:00 PM
From: C L	of 35569

Alte, Excellent post with only one mistake: ________________________________________ "Toronto, Ontario, December 15, 1995--International Precious Metals Corporation (IPM)announced today the release of preliminary drilling data from its Arizona BRX Property. The company recently completed 121 drill holes spaced at 100 meter centers to 30 meter depths, as part of its resource drilling program over the first of six square kilometer grids. The initial data was obtained from the 9 perimeter drill holes of the 121 completed on the first square kilometer." ____________________________________ The company has never publicly released any data on assays from outside the first sq. KM, I believe they have not done the analysis yet. The market does not give the co. credit for the metals on the first KM, more of the same would be of little use. Once the market values us correctly, the co. will proceed with more drilling. Once the lab finds the right parameters, they will run as many as 7 ea. 1100 pounders at a time. That should give us all the data we need to start permitting for the production plant. C L

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