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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Shaw who wrote (1405)	3/27/2001 12:43:35 PM
From: Al Collard	Respond to of 11802

Shaw, GAM-t...NR: Mr. Terence Donahoe reports The preparation of underground drill stations on the Belen structure at Ocampo will be completed within the next two weeks and drilling will commence shortly thereafter. The Belen structure is the extension of the San Jose/San Juan structure and is geologically similar to the Aventurero zone which produced a number of high-grade intercepts in the drill program completed by the company in December, 2000 (see news in Stockwatch Jan. 15 and Feb. 5, 2001). Gammon Lake currently has a prefeasibility study of its Ocampo project under way under the direction of Watts, Griffis and McOuat. The company's geologists and engineers are completing the design of the drill program for the next phase of development of the project and plans to have drills turning at Ocampo in the next few weeks. Burton Langille has resigned as a director of the company. Mr. Langille, president of a successful Halifax-based insurance company takes his leave of the board to concentrate his full-time efforts on his business. Chairman of the board, Terence Donahoe, said, "We want to sincerely thank Mr. Langille for his work on behalf of Gammon Lake over the last few years and wish him well as he commits his full-time efforts to the growth of his insurance business."