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Gold/Mining/Energy : Fairmile Gold -- Ignore unavailable to you. Want to Upgrade?

To: tanoose who wrote (3377)	12/22/1997 1:32:00 PM
From: Bob Walsh	Read Replies (1) \| Respond to of 4057

To all: 3mo results Fairmile Gold Corporation Mon 22 Dec 97 Company Review Mr Thomas Kelly reviews the company During the first quarter, the company continued its agreement with Echo Bay Mines whereby it can earn up to a 65% interest in the Buffalo Valley project on the Battle Mountain gold trend in Nevada. Echo Bay purchased a private placement of 700,000 units at $2.00. The first quarter drilling program at Buffalo Valley tested 15 of the 19 target areas as well as provided infill drilling information at the A/B/O complex. Drill results indicated that three exploration areas warrant high priority additional drilling. No exploration area has been discarded as being unworthy of further work. The infill drilling at the A/B/O complex continues to show the continuity of the mineralization available. Both Fairmile and Echo Bay will use the combined results of the original and infill drilling to calculate a new resource upon completion of the drilling and mapping currently underway.