Darnley Bay Resources - DBL. VSE Message Board

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Gold/Mining/Energy : Darnley Bay Resources - DBL. VSE

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To: billsmith who wrote (133)	2/24/1999 1:32:00 PM
From: Willithit	Read Replies (2) of 221

Hi Bill...I spoke with the company and they've confirmed the following: GPS and gravity surveys on the Thrasher Zone got underway on Feb.11th. The electromagnetic survey crew arrived on the project site yesterday. They expect it will take 4-5 weeks to cover the strike length of 12 miles. They expect drill targets consisting of magnetic peaks, gravity peaks and EM conductors will be identified by mid-April. The Company is currently negotiating the funding of $5 million for drilling with interested on- and off-shore investment groups. The airborne magnetics of the 1997 survey modelled magnetic mineralization ranging from 20 meters below surface to the main mineralized intrusive(s) at 1.1 km. There will be regular progress reports as to survey findings. That pretty well updates everything up to today. As far as the drilling goes it all hinges on just how soon they can come up with money.....And from what I hear it could be as soon as mid March. Take Care Will

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