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Gold/Mining/Energy : Mountain Lake Resources Ltd ( MOA) VSE -- Ignore unavailable to you. Want to Upgrade?

To: Peter Bourgeois who wrote (161)	10/24/1997 3:36:00 PM
From: Peter H.	Read Replies (1) \| Respond to of 598

Peter and all. I spoke with Allen Sheito this afternoon. Some good news in S. Africa. They have found water at the Mooi River property and can now begin washing the gravel to assess the amount and grade of diamonds. The machinery is on site and ready to go. However they are still drilling for more water which may be necessary for full scale production -- likely by the end of January. Also look for some news probably week after next on JV deal for Maliseet property. Peter: It IS just a matter of time. It sounds like Sheito wants to work the property through the winter but I guess it depends on what's laid out in the deal. Bargain basement prices - can't believe it! Cheers....Peter