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Gold/Mining/Energy : Caribgold- CG:TSE

CG 57.58

-0.2%

3:59 PM EDT

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To: Veritas who wrote (40)	2/1/1999 6:13:00 PM
From: keith massey	Read Replies (2) of 48

Hey Veritas Still holding the shares I bought at .28 in Dec. The currently have 10.5 million shares with $5.2 in cash (.50/share) and no debt. I figure the downside at this point is next to nothing and depending on the market reacts to the news in the next few days I plan on adding a few more to the pile. I like when companies come out with news late Monday. This means we have the rest of the week for people to digest the news and run up the stock. 430,000 ounces at 5.83 grams per tonne is starting to sound like a real deposit. Several of the veins are still open in several directions which could lead to a fairly large deposit after the next few drill programs. At least we don't have to worry about the company sitting on their butts...From the news release: A diamond drilling program of 1,500 metres to 2,000 metres to further define the resource is scheduled to begin immediately...... Further delineation of the Beatriz and El Limon veins, as well as exploration drilling for new zones of mineralization, will take place later in the year The next drill program is going to test the El Limon vein at depth and to the east. These are the results that caught my eye. The current drill program only went to the 60m level and all the mineralization occured in the lower levels. The next set of deeper drill results will prove interesting. ______From___To_____Width__Width__Au ______m______m______m______m_____g/t CB25__38.50__48.50__10.00__9.98__8.40 CB26__58.20__66.40__8.20__6.72__25.11 CB28__51.20__60.40__9.20__7.54__5.57 CB30__52.90__54.40__1.50__1.23__9.32 Best Regards KEITH

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