ALMADEN Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ALMADEN

AMH 31.72

+0.8%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Francis Chieh who wrote (65)	2/2/1997 6:39:00 PM
From: Gary	of 119

Hi Chieh, The La Trindad property is 51% El Dorado 49% AMH. They are drilling and hope to expand the reserves at the existing mine. El Dorado are doing the drilling. Erika Property They hope for 1 mil to 3 mil ozs. of gold. Last I heard was they were to drill in early Feb. with results sometime in March. I always add a bit of time onto the time frames. Caballo Blanco $1 mil purchase price. They had to do more soil work as of Dec. /96. They want to drill it in Mar./97. They will put in 5 to 10 holes. They will look for a larger co. to drill it for them on a 50 % onership basis. I'd guess at late Apr. results although I haven't met with or spoken to them since Dec. They are staking a property this year in Mexico that has old gold mines in it. I've no idea of their plans for it but would speculate a nice late 1997 or 1998 play. These type of targets always interest me. A nice company with only 9.8 mil shares o/s, fully dilluted. I'll likely try to get an update in late Feb. or early Mar. A nice situation with honest people who were some of the 1st modern day geologists in Mexico and have a very extensive data base of properties in Mexico.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next