ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Mr Metals who wrote (1095)	11/5/1998 8:32:00 AM
From: Famularo	Read Replies (1) of 3282

Globe says intriguing drill results keep stock active Argentina Gold Corp ARP Shares issued 33,113,389 Nov 4 close $3.11 Thu 5 Nov 98 In the News The Globe and Mail reports in its Thursday, Nov. 5, 1998 edition that Argentina Gold's stock continues to report intriguing drilling results on its Amable property in Argentina, but some analysts think the recent market reaction has been overdone. The Globe's Allan Robinson writes that Argentina Gold, which has been reporting the results on a hole-by-hole basis, said yesterday that hole 85 has 155 metres of rock containing 2.2 grams of gold and 80 grams of silver. Those results caused Argentina Gold's shares to cool slightly yesterday. The stock retreated 4 cents to $3.11 on the VSE, putting a value on the company of $103-million. A Research Capital analyst said Argentina Gold does not come near justifying its current market capitalization. Another analyst said that the geological structure being drilled is too small to contain enough gold-bearing ore to justify recent trading prices.

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