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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?

To: 1king who wrote (947)	7/8/1998 4:17:00 PM
From: 1king	Read Replies (2) \| Respond to of 3380

FYI SCHEDULE C: MANAGEMENT DISCUSSION During the period and subsequent to the period end the Company as operator negotiated an agreement whereby Donner Minerals Ltd. has been contracted to conduct an exploration program on the Adlatok River 1 and 2 properties. The program is a two phase program; the 1st phase will consist of geological mapping and a gravity survey. Estimated cost for Phase 1 is approximately $600,000 with $100,000 earmarked for Adlatok River 1 and $500,000 for Adlatok River 2. Work began on the Adlatok River 2 in the first week of June. Funds have been directed towards the aforementioned properties with the Company share being approximately $300,000. Public Relations are being conducted by Directors, Officers and Employees. I would take this to mean the "money is in the bank" for this years work commitment. 1King