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Gold/Mining/Energy : Chapleau Resources :VSE>CHI -- Ignore unavailable to you. Want to Upgrade?

To: moi who wrote (50)	8/5/1998 11:38:00 AM
From: Rick the Vet	Read Replies (1) \| Respond to of 118

Sorry about the timeliness of this reply but I have been on holidays for the past month and off the continent. Rumour has it that the drill program was a wreck and that they had all sorts of problems in drilling. They have since run off the company doing the drilling and have hired a new more reputable company. Drilling should be recommencing any day now. The little bit of drilling they did get done indicated some positive geology. In addition Kennecott has punched a few holes just 500 feet from the Indian Ranch property. Results from these holes indicated that favorable geology is trending on to the Indian Ranch set of claims. It seems we will have to wait some more yet but with the present market mood we wouldn't get much bounce out of a discovery anyway. Too bad the company doing the drilling wasn't able to get the job done they probably cost us (and Chapleau) a lot of money.