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Gold/Mining/Energy : FREEWEST RESOURCES T.FWR / M.FWR

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To: RMF who wrote (22)	1/24/1997 3:53:00 PM
From: Sudhir Khanna	of 253

MICAP, they have 3 drill programs that will start-up in Feb. Also, results from the Kalahari Suture Zone should be out the first weak of Feb. if not earlier. The other plays will be considered irrelevent if this has any traces of gold or copper. The target is huge. We have to weit for the news, but visual results by Fancamp stated that lenses of pyrite and magnetite were present. When these occure in tandom, it is like a indicator minieral for gold. If this does not come through, since the odds are still huge and the holes were for geological data gathering and thus not deep, the other properties will still support a price of $1. After the KSZ news, expect more news in March for the other projects.

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