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Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?

To: Greg W. Taylor who wrote (868)	2/17/1998 2:23:00 AM
From: RonS	Respond to of 2346

Greg, Thanks, I get your meaning! Regards RonS

To: Greg W. Taylor who wrote (868)	2/17/1998 2:43:00 AM
From: Ron Everest	Respond to of 2346

GT refer to your recent news release: exchange2000.com YRI's exploration under their SIPPs is no different than other companies operating in Indonesia. All have limited exploration rights as you know and have been forced to curtail further exploration. <<<<<INDONESIA In Indonesia, the company's field work on Kalimantan has identified several promising hydrothermal breccias on one of the company's contract of work application blocks. The company has found significant silver and gold values within a large zone where it has identified five targets worthy of drilling. Continued delays in granting the COWs, combined with market uncertainties, have motivated the company to sharply reduce its efforts and spending in this area. With the full support of the company's partner, Barrick Gold, operations both in the field and in the Jakarta office have been reduced to a core group of employees who will finish building and organizing the company's technical database and maintain the project's infrastructure. This will allow reactivation of exploration, including drilling, in the event the COWs are granted.>>>>> Same situation Greg.