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Gold/Mining/Energy : ATLANTA GOLD CORP. (TSE:AAG)
TWG 4.030-1.2%Jan 30 9:30 AM EST

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To: Ronald P. Margraf Sr. who wrote (299)2/28/1997 1:53:00 PM
From: Ronald P. Margraf Sr.   of 495
 
Hello Boys & girls & all those in between <UPDATE!!!!>,

Well received a call from Atlanta yesterday and got what I think to be
some releviant info. that might interest everyone. Some of this stuff
you might already know and some probably not. So, here we go.

1) The promotion game started yesterday, bet you didn't know that. They
are going to use the IR firm Barnes. Don't know anything about them. Maybe
some of you Canooks do so please tell us if they are any good. They
appearently did some work for Friedland. For what ever that is worth.
They will be starting the kick-off in the Toronto area and there will
be a Rep. from Indo. going around with the boys telling what all the good
things we have and are going to do, and why they should invest in the
companies. You folks know the rest. Get on the boat before you miss it stuff.
Herman really wants this stock up to the 1.00 mark by merger time and
by the time we start trading on the TSE.

2) The offices will be closed in the Vancouver area after I beleive
15 Apr.. Everything will be run out of Toronto. Hermans office is there
now from what I understand.

3) As it looks right now as of yesterday, everything is on schedule.
The shareholders vote is 25Mar. and AAG/VSY will be trading by 08Apr.
on the Toronto exchange. (Doesn't look like we are wasting any time here)

4) There is 1.5mil in the kiddy for the drill program with 2.5 mil budgeted.
I'm sure they will come up with the rest when they are ready for it.

5) The sample results will be coming back a next week. They where delayed
2 weeks because they wanted the other sites results included. You know
the first site was BERAU Project, the other site is the TANJUNG SATKI (KP-OPTION).
There has been considerable trenching done on the Berau Project and all
the rest of the stuff that you already know. On the Tanjung Satki project
there are 111 sedimentary, 111 pan, and 252 rock chip samples. Like I said
these will be coming back next week. There results will be released ASAP.

6) Now I'm going to need some help here. I'm not a geologist so if any
of you out there know anything about geophysical occurances please explain
in 100 words or less (just kidding) what an Alteration Halo is. Well
anyway that is what they have found on the Berau Project, along with a
lot of anomolus gold. They gave me a demension 800x1000? Sorry, can't remember
is was meters or kilo meters. I was writing this stuff down so fast that
I forgot to identify it by type of measurement. I'll ask them to give me
that info again. We where both pressed for time.

7) They are going to try and send a Senior geologist over there in the
next week or so to over see the locations for the drilling to start and
identify the areas. That will be determined partly upon what the results
come back and say. (So you can see that we are getting real close here
now for the big news, drills on the way).

8) They are in the process of making some alliances with other Juniors
in the area for what they feel and anticipate they will need when they
start exploring other sites that they have. They are also in the process
of consolidating land parcels in the surrounding areas of some of there
other site. They are also looking at other properties in other areas to
acquire. Not at liberty to say at this point for obvious reasons. You
know how this game is played, I spy and all that stuff. So we should see
some interesting stuff happening over the next severl weeks and months.

Well there you have it. I hope that there is some substance there for
some of you and info for much of you and maybe nothing for others, but
this is not a resturant of info. Just a cafateria and you only get what
I have to give you all :-).

ADVICE: Now this is for free so you can do what it is that you want to.
I think you all know that I don't pump this but just try to inform you,
BUTTTTTTTTT, I think that I would hold your positions and if you can,
maybe accumulate some more while it is still cheap. After yesterdays
conversation I beleive that that unofficial target of 10.00 just might
be achiveable. You will all have to make that evaluation. I hope it is
the same as mine. Well heres to GOOD FORTUNE.

I think the stock godds are starting to smile on us :-),

Ron

DISCLAIMER: I beleive this is what all the gurus and news letters do and
say, Well here I go. This info is as accuarate as I can get base on the
source that have given it to me. Hows that. Does it sound official. OH
well I tried. ;-)

Later

R
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