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To: chirodoc who wrote (41)	5/23/1998 11:12:00 PM
From: Andrew H	Respond to of 8798

>>on the thread one investor said that there is some objective proof that there is gold there. but there is very little proof that the gold is of high quality and there is always some possibility that the gold could be hard to extract.<< Curtis, if we had all the details on this, the stock would be selling for at least 3/share. If there wasn't a certain degree of risk, then the potential reward would be much smaller. Furthermore, there will always be those who will see the cup as half empty rather than half full. As I said there is some risk here, but IMHO downside is verrry limited at these levels. Regarding the grade and the economics of mining, I submit the following from the press release which include the geologist's credentials. We should have more information in the next couple of weeks when the full report is posted on the website. Nothing I will say is going to alleviate all your concerns regarding MINE. I suggest you peruse the thread from the beginning and read the existing geological report at the website (which I believe contains grading information). I do know the area has a long history of being rich in high grade ore. To qualify as a reserve, all resources had to meet minimum physical and chemical criteria related to the specified mining and production practices, including those for grade, quality, thickness, depth; and had to be reasonably assumed to be economically and legally extractable or producible at the time of the determination of the reserve. Mine modeling had to demonstrate the feasibility of specified mining and production practices, or practices which could be reasonably assumed, on the basis of tests and measurements. Paravicini was chief exploration geologist for 19 years for the National Bolivian Mining Corporation (''Comibol'') specializing in gold and tin exploration. He holds a bachelor's degree in humanities (mathematics) from the University of Santiago, Chile; a bachelor's degree in mining and engineering from the Technical University of Oruro, Bolivia; and a master's degree in mining engineering from Washington University in St. Louis. In addition, he has also received certificates from Harvard University in geology and geophysics; Michigan State University in communications; the United States Agency for International Development in geophysics; the Japanese International Cooperation Agency in mining and metallurgy; and a diploma of merit in geology from the United States Geological Survey. Golden Eagle cannot assure that the findings of Paravicini's report are accurate in view of the fact that the report was produced by an independent consulting firm which is responsible for its accuracy. However, the company's management has concluded that it will rely on the report as accurate for purposes of future planning and development of the site. Guido Paravicini does not own stock or options in Golden Eagle, has not been promised any compensation in the form of stock or options, and is paid a fee for his professional services.

To: chirodoc who wrote (41)	5/23/1998 11:41:00 PM
From: Andrew H	Respond to of 8798

One more response to your concern regarding grade for Claude Cormier who seems to be among the most knowledgeable on SI in regard to mining issues: >>Although we don't have the numbers, what I have read so far on Cangalli is between .03 and .2 opt which is in the normal grade range.<< Also more information from another post: >>Andrew, Currently float stands @ 21 Million. Golden Eagle International TA : (Call them at anytime to find out exact numbers). Stock Transfer Agent American Securities Transfer and Trust, Inc. 938 Quail St., Suite 101 Lakewood, CO 80215 Phone: (303) 234-5300 Fax: (303) 234-5340<<