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

To: J.C. who wrote (1658)	2/24/1998 3:10:00 PM
From: JP	Respond to of 4256

That is exactly what they are doing. Thomas told me that every hole they drill allows them to figure out where to sink the next hole. Keep in mind that Thomas has also said that there will not be news released until a lab confirms it. So delays in news right now are good things. Thomas also said lat Tuesday that news was two or three weeks away. So if something is up on the property right now we won't hear for a while. JP

To: J.C. who wrote (1658)	2/24/1998 3:28:00 PM
From: Jesse	Read Replies (1) \| Respond to of 4256

Hi JC-- I'm not exactly sure what your post asked, but I think the ones to ask would be the MEO crew! :) -I believe I get your point-- if kimberlite is confirmed, I'm sure they would check-sum that with their other indicators/ measures and go after more of the same. In terms of what's going on in the field, I do not know! I have heard that the overburden has been a problem. They're trying to get the winter targets near the current base-camp done first (deadlines), but I don't know how much luck they're having with these. It could be that they'll choose to re-locate their driller's base camp to start drilling some of the higher targets (ie, the company described "plateau" targets) in the area, since I've heard that they have not yet drilled any of these (tho I thought they had, at least one...)-- I do know the sharepr. has backed off (calmed). -We have to wait for MEO/RDW's progress report, which should come within a couple weeks (seems like I heard that 2weeks ago! :) ). As has been pointed out on this thread, we should prudently assume that Montello has not as yet hit anything of substance. But that's the calculated risk already factored in here right? ;) Realistically, Patrick Power may have flown to the site for a decision process, such as where to move the drill next, or perhaps another reason. It is not publicly available information as yet. I know what I'd like to think, but I'm learning to tame those thoughts down! <g> Regards, -j :>