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Gold/Mining/Energy : Southern Metals - SUH.V (formerly Aranlee Res. - ARB.V)

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To: Rick McDougall who wrote (161)2/27/1997 11:48:00 AM
From: keith massey   of 254
 
Just got of the phone from ARB.
Drilling results will come out Monday to Wed. next week.
Most likely on Tues morning.

Managed to get some news out of him.
Don't expect a lot from these results. Was told that the additional drilling will only continue on "at least one" of the three properties but "at least one" property will be dropped from an additional drill program.

Results will be O.K from several holes with values increasing with depth. This would be similar to the Barricks Gold/ Pacific Rim's Diabillos project which they will propably refer to for a good reason to continue drilling.

Don't expect any amazing result from this report. Was told if they had hit '2g/t for 100M' they would have released the result as soon as possible.

I am just relaying what little news I could get out of him. I own some ARB and will hold on and hope that PR about Kazakstan will bump up the price. Expect a news release "within a week or two" with detail additional geography about the Kazakstan project.

KEITH
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