St. Elias Mines

Lefty,

I was at the meeting in Cold Lake and talk w/ Murry a fair amount: and they are very tight lipped on any information right now. All Murry says lately is when it comes there will be plenty of news.

• The comments sounding the drill program are and have been for 3-4 weeks now: If they are not there they are on their way up the hill...
• Trenching comments were that they have made very good progress.....
• The only comment I have heard around splitting lately are the ones involving the canadian properties and the peruvian properties and the main reason I was told is for accounting laws and efficiencies within the corporate walls. This is just a thoughts as it stands but I have heard it a couple of times now.

Go Long....