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

To: bral who wrote (160)	1/28/1998 5:07:00 PM
From: Jonathan C.	Read Replies (1) \| Respond to of 165

To all, Any comments on the news release below? Jonathan January 27, 1998 VSE symbol: AGO Argosy Mining is pleased to announce that institutional investors have recently purchased on-market approximately 900,000 Argosy shares previously held by a major mining company. Argosy is conducting a scoping study on its wholly-owned Kremnica gold-silver property in Slovakia. Results from its 12,300 metre drilling program are being modeled to generate an updated resource estimate and a preliminary financial model for the project, which will be released to the market upon completion. Argosy's cash position at the end of December 1997 stood at $8.4 million. ON BEHALF OF THE BOARD YALE R. SIMPSON, President FOR MORE INFORMATION Telephone: (604) 689-5529 (800) 851-7423 Facsimile: (604) 689-5079