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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto) -- Ignore unavailable to you. Want to Upgrade?

To: mr. ed who wrote (206)	10/6/1999 4:36:00 PM
From: Steve Johnston	Read Replies (1) \| Respond to of 350

Good question. Several years ago WRM identified a rather deep, moderate sized, high grade deposit named the Grizzly. If gold stays up around $350, my guess is that this well delineated deposit could be rapidly moved up into the resource category. I think the nature of the orebody (oxidized) does not allow for direct heap leaching, however, the original mill built by Homestake which was used to extract similar ore in years past, is still sitting up there, mothballed. Other than this, a higher POG will allow for more drilling at the Golden Bear which, as you probably know, is a very large property, with many good sites yet to explore. And don't forget that George Lake (i.e. WRM's interest in Kit Resources) starts to look mighty attractive as gold passes $325. I think they recently optioned part of this to Kinross, to bring some credibility to this rather remote property. Regards.