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

To: Douglas Simpson who wrote (3668)	9/25/1998 6:39:00 PM
From: Steve Stakiw	Read Replies (1) \| Respond to of 4057

Doug, Answers to your questions. Hello Steve It seems like fla might be back in play in soon. It seems like people are starting to pick up a few shares here and there. Can you give us a run down of FLA 's agenda over the next little while. 1. When do they expect to release the results for the drill program at target L? The drill program concluded last weekend (Sept 19-20) and consisted of 8 holes totaling approx. 5,000 feet. The samples from the drill program were packaged and sent to Chemex (check samples also sent to another independent lab) for assaying at this time with an expected turn around time of about 2 weeks. 2. Target L is suppose to have the same structure as the one where they found 600,000 oz the first time. Can you elaborate on this a little more. Target L is situated just west of the A/B/O Complex which hosts most of the 600,000 ounce gold resource. The Buffalo Valley Fault zone is an important ore control at the A/B/O Complex, and a geophysics program as identified a possible series of parallel faults at Target L. Fairmile believes these faults could host pods of gold mineralization in the Target L area that are potentially as large as the existing resource. These fault structures act as conduits or plumbing systems allowing mineralizing fluids to permeate the bedrock. 3. I received a copy of Mining Research Report and it had a write up about FLA. Does FLA have any other plans for promoting the company? When will the promotion happen and what form will this promotion take? The coverage in the Mining Research Report will continue with three more issues covering Fairmile. One of which will be at least a two page article. This magazine has a circulation of 30,000 throughout the U.S. and Canada to both brokers and retail investors. We are also examining other venues for future usage. Up to now, the market has not been very receptive to PR campaigns but I am getting a sense that the market is beginning to examine junior mining/exploration companies with renewed interest. 4. If the resource is increased to over a million oz what would be Fairmiles next plan of action be? At this stage the goal is to identify additional areas of mineralization, which with further drilling, could increase the existing ounces in the resource. Obviously, the company would like to see the resource expanded to over 1 million ounces as this is a psychological threshold by which many gold deposits are measured. The next plan of action is dependent on a number of factors (gold price/market conditions/potential joint venture partners) so I cannot speculate what it may be. 5. Under what circumstances would Fairmile sell their property and what would that mean to the share holders? If this scenario were to occur, the offer would have to be acceptable given the existing resource and the potential for further ounces. I believe that a joint venture with a major mining company would be preferred by Fairmile. 6. Give the current price of gold and the total 600,000 of proven gold, what should the share price be? Unfortunately Doug, regulatorily, I cannot give you share price predictions. You can ask your broker/registered representative their feelings. The market capitalization (25 million shares times share price) of Fairmile Gold at today's closing price ($0.07) is approximately Cdn$1.75 million. Regards, Steve