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

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To: Tim Hall who wrote (1635)1/23/1997 11:12:00 PM
From: C L   of 35569
 
Thall, Since you have a strong mining background, perhaps I could appeal to you to render an opinion on this letter from Behre Dolbear & Co. I'm sure you've heard of them -- they've been around since about 1916. This letter is On IPM's web-site www.ipmcf.com & is part of a co.news release on December 15, 1995.
_________________________________________________

"Behre Dolbear has been engaged in an ongoing program to aid IPM in a precious metals evaluation of the BRX project. On site observation of the drilling program, including the collection, handling, and
security of the samples was completed. Additionally, Behre Dolbear observed and monitored IPM's sample preparation laboratory to verify that sample preparation and treatment procedures consistently
followed previously established accepted methodology. All of the above was subject to close scrutiny and given Behre Dolbears's approval.

It is evident that IPM is executing a well-planned program. Behre Dolbear notes no shortcomings in equipment, operating procedures, or security measures in either phase of their program. Both the sample
preparation and laboratory personnel are well trained and supervised.

The analytical results of approximately 103 samples submitted to two independent and industry-recognized laboratories were made available to Behre Dolbear. On the basis of the currently available analyses, it is concluded that the IPM-developed leaching procedure is extracting measurable amounts of gold from BRX material. This has been verified by correlation of the analytical results from the two independent laboratories.

Behre Dolbear noted with interest that other precious metals values, including PGE's were reported by the laboratories. Behre Dolbear, however, has not evaluated the significance of these other precious metal values and recommends further study on the part of International Precious Metals Corporation."

- Behre Dolbear & Co. ,Inc.

Kindly keep in mind that this was 14 months ago and the company has had several groups working on this dirt, the results are much improved. They have not released the Pt. extraction numbers yet, but they will be forthcoming and irrefutable.

C L
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