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

To: violetta martinez who wrote (3079)	3/11/1999 11:51:00 PM
From: JP	Read Replies (2) \| Respond to of 4256

Well I was in Vancouver on business today -just around the corner from MEO offices -so I could not resist a visit. They have very nice offices - not expensive nice -just respectable nice. THey are busy getting ready for the latest conferences and they showed me some of the latest maps etc. On the legend block - Kennecott is drilling the periphery targets to see if the edges of the property are all worth keeping. Because of this 'clarification' drilling. Kennecott may not be hitting kim after kim at the moment. MEO does not know the results yet but they are speculating that they may be ho-hum on some areas -which would allow them to be let go. The reason they want to let the 'lesser' potential blocks go is because it will allow them to keep the 'higher' potential blocks longer. On the Absolut property -they are still analysing the data - but what they have seen so far looks promising. THe Tintina gold property is just to the East of the Legend block. So MEO will climb nicely if that one does take off. The Calling Lake property has them very excited. Things are looking good. JP