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

To: kingfisher who wrote (1018)	3/6/1998 4:20:00 PM
From: Greg W. Taylor	Read Replies (2) \| Respond to of 2346

I'm afraid that with RC drilling, there is no core to see. What I will have at the PDA will be our Chief Operating Officer, Dick Walters and our Project Manager, Mel Klohn, two geologists who are responsible for the project and who could answer any technical questions you might have. We will also have some rock chip samples at the booth from Lejano and Indonesia, and perhaps from other projects. I can also assure you that we will have core to show once we've done some core drilling. As well as the comments I've made about deep drilling and concerning our need to examine the gossans and structures, getting in there with a core rig is also somewhat difficult given the time factors and costs. There are very few core rigs that can be brought into the area, especially on short notice, since there are few core drills in Argentina. (Ours is a dual-purpose core/RC rig but the core drill is very slow and we don't currently have a crew that can operate it.) Also, besides costing typically in excess of US$100 / meter for a contract rig/crew -- compared to the current US$6 / meter of our own direct RC drilling -- drillers want substantial contracts to go through the mob and demob efforts, especially if they are coming in from Chile. We just are not technically / geologically ready to do this yet. We know it has to be done as soon as possible and I hope that we'll be able to begin driving core near the start of the next season, in our fall, the southern spring. Meanwhile, we are RC drilling non-stop for the next three months down there. I hope this helps. Greg