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Gold/Mining/Energy : Fairmile Gold -- Ignore unavailable to you. Want to Upgrade?

To: GWalker who wrote (3638)	8/12/1998 9:06:00 PM
From: Marcus Bernard	Read Replies (1) \| Respond to of 4057

$258,000 should be enough to throw a Christmas party at Fairmile. Give me a break! This company is an absolute joke.

To: GWalker who wrote (3638)	8/13/1998 2:02:00 PM
From: Steve Stakiw	Respond to of 4057

Graham, Fairmile has not struck out in trying to find a joint-venture partner. Discussions and property evaluations continue by a number of interested seniors. However, there are plain and simply few deals being cut at this time due to the decimated gold price. I can assure you that the level of interest remains high; however, even the senior gold companies are scaling back on new exploration and development projects. Of the funds raised in the planned private placement, approximately 90% will be allocated for drilling costs and property expenditures. The planned drill program will be directed at Target L, which lies just west of the A/B/O Complex (where most of the 600,000 ounce resource is hosted). Any significant mineralization identified here could significantly enhance the resource on A/B/O and add to the existing resource. Regards, Steve Stakiw