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Gold/Mining/Energy : RED EMERALD RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: hugh thorne who wrote (134)	11/12/1998 3:27:00 PM
From: hugh thorne	Respond to of 862

Neary Resources Corp - Ruby Violet financing being negotiated Thursday Nov 12 1998 Mr. Brian McAlister reports Neary's affiliate, Gemstone Mining, is currently negotiating financing for the Ruby Violet red beryl mine. GMI's option on the property expires on Dec. 11, 1998. GMI is also currently involved in discussions with the property owners to work out terms of an agreement more favourable to GMI. GMI recently completed a feasibility study for the red beryl mine which consisted of an infill diamond drill hole program, a bulk sampling program, a cutting program, and a strategic marketing study.