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Gold/Mining/Energy : pug puregold resources inc tse
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To: Robert Dirks who wrote (150)3/6/1997 12:46:00 AM
From: Investors Page   of 190
 
The way I see it. There is a good chance that they have some diamonds in the pipes. It may not be the first 2 pipes. In that case they are stalling to determine if diamonds are present in the latter pipes. They could already know that the pipes are diamondiferous but want to report a porpotionate sample to give a good indication of the # of stones per 10kg. They may want to time the news for just before the start of the mining conference in Toronto this weekend or for immediately after the conference. The drilling has stopped for now due to permitting requirements. Besides they already have 11 pipes to sample. Why hurry up and waste more money before finding out wheather there's any diamonds in them Buffallo Hills. ACA is not the type of company that would release news stating that the pipes are diamondiferous without knowing the total # of stones from a complete sample. They will say that the pipes are diamondiferous without the compltet sample being analyzed if they thought the stock was in trouble of collapsing. It has been pretty firm around $2 so there is no need for such news at this time. I hope that the first announcement reports a good number of diamonds for our sake. But there are many pipes still holding potential even if the first couple turn up barran. We will find out very soon. Cross your fingers.
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