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

To: Francois H. Gaston who wrote (379)	1/17/1998 12:43:00 PM
From: virgil vancleave	Respond to of 749

i agree. and gold is moving up without anyone noticing or making a big deal of it. when the "herd" finally figures this out it will be time to move on. just hope it takes awhile. i am still bullish on alta and see it being profitable even if gold drops further. how many other companies can say that. and alta won't have to shut any mines down until gold is less than 200 per ounce. i don't see that happening ever. and with griffon on line, olinghouse should be soon. looking good from this perspective. good luck

To: Francois H. Gaston who wrote (379)	1/19/1998 8:34:00 AM
From: Dwight Taylor	Read Replies (1) \| Respond to of 749

Gaston--Nice post. It's about time someone posts a reason to buy now. With respect to your comments--Did you list the reasons in the order of importance? how much insider buying? Could you expalin the NVI?? Thanks, ben

To: Francois H. Gaston who wrote (379)	1/20/1998 10:51:00 AM
From: RWILL	Read Replies (1) \| Respond to of 749

Hello Gaston. Your list is a good one. If I may, I would add N. Alta does not sit around waiting for things to improve. Alta Gold Co. Acquires Lookout Mountain Gold Property HENDERSON, Nev.--(BUSINESS WIRE)--Jan. 20, 1998--Alta Gold Co. (Nasdaq/NM:ALTA) Tuesday announced that it has acquired the Lookout Mountain gold property from Echo Bay Exploration Inc. Lookout Mountain consists of approximately 4,500 acres of unpatented mining claims and is located eight miles south of Eureka, Nev. Gold mineralization at Lookout Mountain occurs in a geologic setting similar to that found at the company's Kinsley gold mine; however, the potential for expansion is much greater. Ore grade gold has been intersected in drill holes over a strike length exceeding two miles, and mineralized intercepts have been encountered from the surface to a depth of nearly 700 feet. Mineral deposits have been defined in six separate deposits -- Lookout Mountain, South Lookout Mountain, Pinnacle Peak, Triple Junction, South Ridge and South Adit. Previous drilling conducted at Lookout Mountain by Echo Bay and various predecessors-in-interest encountered multiple ore grade intervals: Drill hole RTR-137 intersected 160 feet with a grade of 0.041 oz./ton gold, RTC-201 intersected 82 feet of 0.080 oz./ton gold, RTR-199 had 260 feet of 0.043 oz./ton gold and RTR-059 had an intercept of 85 feet of 0.095 oz./ton gold. In addition, the property lies within the Battle Mountain -- Eureka Gold Trend, which encompasses several of the largest gold deposits discovered in the state of Nevada. Robert N. Pratt, president and chief executive officer of Alta Gold, stated: "The Lookout Mountain property contains near term ore reserves that fit in well with our production schedule, but it is the exploration potential of the property that caught our attention. "It is surprising that a property of this quality has never been systematically explored. We certainly see the potential for over half a million ounces of gold reserves, and eventually, this property may rival Olinghouse." The company is engaged in the exploration, development, mining and production of gold on properties in Nevada. The company also has three base metals properties in the western United States which are in various stages of development. -0- This news release contains statements that may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as management's expectations regarding scheduled gold production from and the overall economics of the company's mining properties. Such forward-looking statements are inherently uncertain, and the actual results may differ from management's expectations. Further information on potential factors which could affect the financial condition and results of operations of the company are included in the filings of the company with the Securities and Exchange Commission, including, but not limited to, the company's annual report on form 10-K for the fiscal year ended Dec. 31, 1996. --30--MT/la* DB/la CONTACT: Alta Gold Co., Henderson Margo Bergeson, 702/433-8525 Good investing to all RGW