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Gold/Mining/Energy : Int'l Pursuit (T.IPJ) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Everest who wrote (581)	2/19/1998 11:26:00 AM
From: Ron Everest	Read Replies (1) \| Respond to of 835

Further to the news release from the previous post. I have contacted the IR Sue Burton: <<The relatively unweathered chalcopyrite rich potassic alteration of the porphyry suggests that there is no enrichment of the outcrops. In addition, the identification of roof pendants indicates that this system is largely uneroded. >> Clarification: These are extremely positive statements. The rock has not been altered by erosion which can concentrate values. Thus, the statement regarding "nor enrichment" means that erosion factors are not present and that the rock is the source of the values ie: .7% CU plus additional values in MO and AU. IR stated that the funds are coming back into IPJ. No change on the status of the Hinoba-an deal. There are others in the wings. No reason to believe that the deal won't finalize. The comment made at the Vancouver Gold show regarding the $75 million was if IPJ sold off their carried interest in addition to the initial $15 million. Sebuluh fault CoWs. They probably drilled prematurely and had not completed all of their preliminary work. (likely aeromagnetics). Best regards, Ron E