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Gold/Mining/Energy : International Gold Corp (IGCO) -- Ignore unavailable to you. Want to Upgrade?

To: Semyon Kuretsky who wrote (249)	11/5/1998 11:51:00 AM
From: Chuck Delo	Read Replies (1) \| Respond to of 405

Just spoke with the company. With respect to the original estimated extraction costs, it was $150/oz, not ton. (my apologies). However they stated that they don't know what the extraction costs will be at this point as they are testing several different extraction methods. They are very happy with the assay figures. He pointed out that this is a very unusual occurance in having the ore present throughout the entire core tested. Usually gold runs in veins and is not distributed as it is here. This only represents two holes and we may not get the same results through out the site. HOWEVER, IF the results show even distribution thoughout even this test area (app 8% of the total claim) the find would be enormous. There may be another drill rig coming (for reverse drilling) Company is making several decisions now on how they want to proceed. As for the silver, they consider it to be a so-so amount, but it will definitely help pay for the bottom line. The money is in the gold though. Bottom line is the potential is mind boggling. We're not there yet, but it's going to be exciting waiting for the results. Chuck