Kalahari Resources Makes Major Move Upwords Message Board

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Gold/Mining/Energy : Kalahari Resources Makes Major Move Upwords

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To: VAUGHN who wrote (316)	4/13/1999 1:46:00 PM
From: Paul Bilecki	Read Replies (1) of 349

Drilling has been ongoing for at least ten days. At 175 feet per day, that makes 1,750 feet. To drill a 500 foot hole usually takes 3 days (I am a former driller who has drilled at McKay Lake for Noranda with Connors Drilling), therefore they are probably starting their fourth five hundred foot hole. If this was a narrow dyke, without much tonage, they would have pushed on to Margaret Lake. Obviously, this is interesting, either a very large dyke or pipe. They are still drilling at this moment on Munn Lake and doubt they will drill Margaret this year. Expect a press release soon. I have bought more stock (Island-Arc). It may not be a real biggie, but maybe a little biggie. In any case, this looks to be very exciting. I am not a broker due your own due diligence, but I am RECCommending this as a long term play.

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