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Gold/Mining/Energy : AVL.V - AVALON VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (636)	4/1/1998 12:12:00 PM
From: DRT	Read Replies (1) \| Respond to of 1474

Wolf Mountain related info: 1. Today in Platinum (3/31/98): Platinum $409.00 Palladium $260.60 Platinum Market Commentary: "Yeltsin announced that he will not run in the year 2000, though he has yet to go so far as to confirm what Russia watchers believe to be the logical choice for successor: the recently unemployed Victor Chernomyrdin. According to Austria's Creditanstalt Investment Bank, the new Prime-Minister designate Sergei Kiriyenko is being closely watched to see how he gets along with the Duma's nationalists and communists. Signs of confrontation or conciliation could move the Russian market either way. As reported earlier in March in Business Day, a London paper, Rene Hochreiter of Barnard Jacobs Mellet and Company said that the condition of the infrastructure at the Norilsk mines, where nearly all of Russia's platinum is produced, was "shocking." The mine, according to the report, has an almost total lack of funds and very little central government support. Productions was estimated at 420,000 ounces, much less than the 600,000 ounces that analysts estimated was produced in Russia in 1997. Reuters reports that Norilsk is claiming $50 million in losses due to delays caused by the Russian government in signing export quotas." 2. FYI. AVL's PGM consultant: Dr Anthony J. Naldrett has taught mineral deposits geology at the University of Toronto for the past 31 years where he holds the rank of University professor and is incumbent of the Norman B. Keevil chair in ore genesis. He has worked with platinum group element and nickel sulphide deposits since he joined Falconbridge in 1957, including one year with the Bushveld Research Institute, South Africa, working on the Merensky reef, and 10 years researching at the University of Toronto on problems related to the nickel and platinum rich mineralization at Noril'sk, Siberia. Dr Naldrett's most recent work has included the Voisey's Bay nickel copper cobalt deposit, Labrador for which he acted as consultant for Diamond Fields Resources, and also studies of the distribution of platinum group elements at Sudbury in a project jointly financed by Inco Ltd and Falconbridge Ltd. _______ As was the case for the Separation Rapids rare metal property, Avalon's management have retained the services of an industry expert (above). The interpretation of the geology of a deposit is as important as the assays! DRT (P.S. Let's hope other junior mining companies are taking notes!)