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Gold/Mining/Energy : Southern Metals - SUH.V (formerly Aranlee Res. - ARB.V)
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To: Robert van Mil who wrote ()1/4/1997 12:34:00 PM
From: Jim Kasten   of 254
 
From Aranlee Resources Ltd. - Jim Kasten (arl@aranlee.com). First a thank you to Robert for the initial mention of Aranlee on SI and also to Rick and Daniel that spent some time on the phone with me this past week. Part of my job with the company is to provide as much information as possible to shareholders (or potential shareholders) so please feel free to give myself or Linda North (Investor Relations) a call (602 951 4870). We also try to respond to e-mail questions as rapidly as possible.

Just a couple points that I have been asked to note:
1. The geologist that is most responsible for the acquisition of the gold/copper porphyry properties in northern Argentina for Aranlee is Dr. Barry Rayment. Barry is a director of Aranlee and was formerly President of Bema Gold. While with Bema, Barry was responsible for acquiring all of Bema's properties in the Maricunga District in Chile (Refugio - now in production, Cerro Casale, Cerro Ramon, Cerro Romanito - all under AZ Star). Prior to Bema, Barry helped discover several additional major gold deposits including: Goldfield's Mesquite Mine, Yellow Aster - mined by Glamis and Colloseum - mined by LAC Minerals.

2. Results for the drilling of the first three properties in Argentina should be available within a few weeks and hopefully, we'll have some initial surface sampling results from the newly acquired properties shortly thereafter. Each of these properties appear to have the potential to be major gold/copper deposits, but we will not know for sure until we drill. With 11 properties covering over 500 sq km, we hope the odds are in our favor.

3. The new acquisition that Adrian Day and John Kaiser made reference to is close to being completed, hopefully within the next three to four weeks (sooner if we get the ok from the lawyers).

4. Thanks again for the following, best of luck with all your investments.

Jim Kasten
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