861550

P L A C E R D E V E L O P M E N T L I M I T E D

MEMORANDUM:

TO: I . Thomson/File DATE: Duly 4 t h , 1986

FROM: R.H. P i n s e n t F I L E : 92P/8E

RE: GOLDEN LOON Au PROSPECT

The Golden Loon p r o p e r t y was brought t o our a t t e n t i o n by Glen G a r r e t t a c o n s u l t a n t g e o l o g i s t who l i v e s i n Kamloops (604-828-1151). The c l a i m s are owned by L a r r y L u t j e n of Barnes Creek M i n e r a l s Corp. (RR1-S11, Box 36, Chase, B.C. V0E-1M0 (604-679-8022)). The p r o p e r t y i s l o c a t e d a p p r o x i m a t l y 5.0 Km due west of the community of L i t t l e F o r t ( F i g u r e s 1 and 2) i n the v a l l e y of the North Thompson R i v e r south of C l e a r w a t e r (92P/8E). I v i s i t e d the p r o p e r t y w i t h L a r r y L u t j e n and R i c h Lodmell on 16th Dune 1986.

The geology of the L i t t l e F o r t area i s d e s c r i b e d by R.B. Campbell and H.W. T i p p e r (G.S.C. Memoir 363; 1971). F i g u r e 3, from GSC Map 1278A, shows t h a t the c l a i m s are u n d e r l a i n by a package of f a u l t e d r o c k s which make up the e a s t e r n margin of the Q u e s n e l l i a t e c t o n o - s t r a t i g r a p h i c b l o c k . The c l a i m s l i e c l o s e t o the main boundary f a u l t , as d e f i n e d by a s t r u c t u r e which runs i n a n o r t h e r l y d i r e c t i o n up the v a l l e y of the North Thomson R i v e r . The rock package i n c l u d e s (1) P e n n y s l v a n i a n and Permian v o l c a n i c a r e n i t e , g r e e n s t o n e , a r g i l l i t e and l i m e s t o n e ( U n i t 3; F i g u r e 3 ) ; (2) T r i a s s i c a u g i t e a n d e s i t e f l o w s , b r e c c i a s and r e l a t e d sediments ( U n i t 11; F i g u r e 3 ) ; (3) Permian and/or T r i a s s i c s e r p e n t i n i z e d p e r i d o t i t e ( U n i t 9; F i g u r e 3) and (4) T r i a s s i c and/or O u r a s s i c g r a n o d i o r i t e ( U n i t 14; F i g u r e 3 ) . The f i g u r e shows t h a t u n i t s 3 and 11 are s e p a r a t e d by a major f a u l t which s t r i k e s i n a n o r t h w e s t e r l y d i r e c t i o n and s p l a y s from the North Thompson R i v e r s t r u c t u r e a p p r o x i m a t e l y 5 km no r t h of L i t t l e F o r t . The map a l s o shows t h a t the v o l c a n i c package ( U n i t 11) to the west of the s p l a y i s i n t r u d e d by a l e n s of s e r p e n t i n i t e ( U n i t 9) and by a major g r a n o d i o r i t e b a t h o l i t h ( U n i t 14). The c o n t a c t r e l a t i o n s are s l i g h t l y at odds w i t h the map. I t would appear from aeromagnetic da t a and from s u r f a c e e x a m i n a t i o n t h a t the u l t r a m a f i c body i s a p p r e c i a b l y l a r g e r than i s i n d i c a t e d . The s e r p e n t i n i t e l e n s appears t o extend as f a r west as Montigny Lake.

Campbell and T i p p e r i n d i c a t e t h a t the assemblage underwent an i n t e n s e p e r i o d of b l o c k f a u l t i n g d u r i n g the Eocene p e r i o d , at which time V a l l e y f i l l c onglomerate was d e p o s i t e d i n the v a l l e y of the North Thompson R i v e r ( U n i t 21, F i g u r e 3) and c e n t r e s of a c i d v o l c a n i s m ( U n i t 22; F i g u r e 3) were developed al o n g the boundary f a u l t a p p r o x i m a t e l y 10 Km to the s o u t h .

ItiOO - l or,-, Dnnsmuir Street. Vancouver, B.C. (fiOi) Telex Oi-55181

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The Thuya b a t h o l i t h ( U n i t 14) was p r o s p e c t e d f o r porphyry-Cu type m i n e r a l i z a t i o n d u r i n g the l a t e 1960's and e a r l y 1970's. The Golden Loon p r o p e r t y c o v e r s ground p r e v i o u s l y h e l d by Noranda (AR 1051), R i o T i n t o (AR 4689) and Teck (AR 9061). I t was s t a k e d t o cover a s e r i e s of Cu Ag s o i l anomalies i d e n t i f i e d by Teck,

E x p l o r a t i o n by Teck l e d to the d i s c o v e r y of a s e r i e s of n o r t h w e s t e r l y t r e n d i n g Cu Ag s o i l anomalies which are l o c a t e d over the g r a n o d i o r i t e b a t h o l i t h and, to a l e s s e r e x t e n t , over the ad j a c e n t s e r p e n t i n i t e . These anomalies were a t t r i b u t e d t o a s e r i e s of narrow q u a r t z v e i n s which are l o c a t e d i n the g r a n o d i o r i t e b a t h o l i t h and a s e r i e s of t a l c o s e - s e r p e n t i n i t e s c h i s t zones which are l o c a t e d i n the u l t r a m a f i c body. Samples 70761-70762 were c o l l e c t e d from a t a l c o s e s c h i s t zone and samples 70763-70765 were c o l l e c t e d from a q u a r t z v e i n .

The main area of i n t e r e s t on the p r o p e r t y i s c e n t e r e d about a zone of sheared and a l t e r e d s e r p e n t i n i t e l o c a t e d near the south end of the main u l t r a m a f i c l e n s . The showing c o n s i s t s of one main t r e n c h and a l a r g e area (50 m x 50 m) of c a t d i s t u r b e d o u t c r o p and d e b r i s . The showing appears t o c o n s i s t of s i l i c i f i e d s e r p e n t i n i t e which i s c u t by one or more zones of b r e c c i a t e d "green c h e r t " ( m a r i p o s i t e and s i l i c a ) . The assemblage i s sheared and cut by a younger stockwork of vuggy and c h a l c e d o n i c w h i t e q u a r t z v e i n s . The assemblage i s not r i c h i n s u l p h i d e but p y r i t e i s r e a s o n a b l y .

abundant i n a "grey c h e r t " v a r i e n t found i n f l o a t . Samples 70751-70760 are c h i p and c h a r a c t e r samples which were c o l l e c t e d i n and around the t r e n c h .

The samples l i s t e d were a n a l y z e d f o r Cu, Pb, Zn, N i , C r , Ag, Au, As, Sb and Hg and the r e s u l t s are a t t a c h e d . The a n a l y t i c a l data show t h a t o n l y one sample c o n t a i n s a s i g n i f i c a n t amount of Au. Sample 70765 was c o l l e c t e d from a narrow (2-5 cm) v e i n of q u a r t z which c u t s g r a n o d i o r i t e near Montigny Lake. The e p i t h e r m a l , s t o c k w o r k , c h a l c e d o n i c q u a r t z v e i n sytem appears t o have ge n e r a t e d a weak anomaly i n Hg, Sb and As but t h e r e i s l i t t l e s i g n t h a t t h i s i s a s s o c i a t e d w i t h p r e c i o u s m e t a l m i n e r a l i z a t i o n . The Golden Loon p r o p e r t y i s w e l l l o c a t e d and i t cov e r s a g e o l o g i c a l environment which i s c o n s i d e r e d to be very f a v o u r a b l e f o r e p i t h e r m a l Au m i n e r a l i z a t i o n . The r e s u l t s are co n s e q u e n t l y d i s a p p o i n t i n g . I suggest t h a t we d e c l i n e the p r o p e r t y but watch f o r o t h e r developments i n the a r e a .

RHP/cs 07:04:86

16(H) - W.r,r, Dunmnuir Street, Vancouver, B.C. (60U) 682-7082 Telex 0i-r>.r,l8l

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GOLDEN LOON - LOON PROPERTIES:

92P/8

ROCK SAMPLES

1 ) Chalcedony

Sample 70751:

Sample 70752:

Sample 70753:

Sample 70754:

Sample 70755:

Sample 70756:

Sample 70757:

Sample 70758:

Sample 70759:

Sample 70760:

Showing: UTM 5698500N 692000E

Chip Sample s i l i c i f i e d u l t r a m a f i c rock c ut by v e i n s of chalcedony (Lower T r e n c h ) .

C h a r a c t e r sample of sample 70751 (Lower T r e n c h ) .

Chip sample of c h a l c e d o n i c q u a r t z v e i n m a t e r i a l w i t h minor s i l i c i f i e d u l t r a m a f i c rock (Upper T r e n c h ) .

C h a r a c t e r sample showing c h a l c e d o n i c q u a r t z v e i n s i n s i l i c i f i e d u l t r a m a f i c r o c k s (Upper T r e n c h ) .

Chip sample of grey " c h e r t " or v e i n m a t e r i a l w i t h d i s s e m i n a t e d p y r i t e (Upper T r e n c h ) .

C h a r a c t e r sample of gr e y , p y r i t i c " c h e r t " (Upper T r e n c h ) .

Chip sample of b r e c c i a fragments of green ( m a r i p o s i t e - b e a r i n g ) " c h e r t " from a s i l i c i f i e d shear zone i n u l t r a m a f i c rock c ut by v e i n s of c h a l c e d o n i c q u a r t s (Upper T r e n c h ) .

C h a r a c t e r sample of above (Upper T r e n c h ) .

Chip sample of t y p i c a l , u n v e i n e d , s i l i c i f i e d u l t r a m a f i c rock (Upper T r e n c h ) .

Chip sample of mixed unveined s i l i c i f i e d u l t r a m a f i c rock and green ( m a r i p o s i t e - b e a r i n g ) " c h e r t " b r e c c i a from a c r u s h zone i n the upper t r e n c h .

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2) Zed Showing; UTM 5701000N 689200E

Sample 70761: Chip sample of t a l c o s e s e r p e n t i n i t e s c h i s t .

Sample 70762: Chip sample of t a l c o s e s e r p e n t i n i t e s c h i s t .

3) Montlgny Lake Showing: UTM 5700700N 686650E

Sample 70763: Chip Sample f r e s h g r a n o d i o r i t e

Sample 70764: Chip sample of a l t e r e d g r a n o d i r i t e a d j a c e n t t o a q u a r t z v e i n .

Sample 70765: Chip sample of q u a r t z v e i n m a t e r i a l .

1600 -105.5 Dunsmuir Street, Vancouver, B.C. (60k) 682-7082 Telex 0^-55181 \ t n i i ; » n Arlrlr-rvv P n Rn *••<)> ,0 R,. »l„ 11 P.,..f „ I Qf„t;,. „ T O f r ) , . \ ' - V , n •

L E G E N D

Q U A T E R N A R Y R E C E N T

Blocky basalt flows

P L E I S T O C E N E A N D R E C E N T

Till, gravel, clay, silt, alluvium, (few if any bedrock exposures) 2 8

P L E I S T O C E N E OR R E C E N T

1 Basaltic cinder cone (incorporates cobbles of older rocks)

" E R T I A R Y O R Q U A T E R N A R Y P L I O C E N E OR P L E I S T O C E N E

•

26a, basaltic arenite, conglomerate breccia, rubble, basaltic flows, locally pillowed; 26b, extinct basaltic volcanoes, basaltic flows and cinder deposits

" E R T I A R Y M I O C E N E A N D / O R P L I O C E N E

Plateau lava; olivine basalt, basalt andesite, related ash and breccia beds; basaltic arenite; 25a, olivine gabbro plugs

M I O C E N E

DEAD MAN RIVER FORMATION: shale, sandstone, tuff, diatomite, conglomerate, breccia

O L I G O C E N E

2 3 Andesite, dacite, felsite, related tuff and breccia; greywacke, shale; minor lignite and conglomerate

E O C E N E A N D (?) O L I G O C E N E KAMLOOPS GROUP (21,22)

2 2 SKULL HILL FORMATION: dacite, trachyte, basalt, andesite, rhyolite, related breccias

E O C E N E

2 1 Hi

CHU CHUA FORMATION: conglomerate, sandy shale, arkose, coal

C R E T A C E O U S

RAFT AND BALDY BATHOLITHS AND SIMILAR GRANITIC ROCKS: biotite quartz monzonite and granodiorite; minor pegmatite, aplite, biotite-hornblende, quartz monzonite; 20a, quartz diorite, diorite, granodiorite (may include some older rocks); 20b, aplite, leuco-quartz monzonite and granite

APTIAN A N D / O R A L B I A N J A C K A S S M O U N T A I N G R O U P

1 9 Greywacke, shale, siltstone; minor arkose and lenses of pebble conglomerate

J U R A S S I C ( ? )

H H B Shale, grit

Chert-pebble conglomerate, greywacke

J U R A S S I C S INEMURIAN T O ( ? ) MIDDLE J U R A S S I C

Porphyntic augite andesite breccia and conglomerate; minor andesite, 1 6 B srenite.tuff. argillite. and flows (may include some 11; 16a, isolated

H areas of hornblende andesite (may be all or partly intrusive)

1 5 Andesitic arenite, siltstone, grit, breccia and tuff; local granite bearing conglomerate, greywacke; minor argillite and Hows (may include some 11)

O O N o<, CO LU

q o N 0< LU —I < 0-

o o N o CC LU o CC 0_

1 4

T R I A S S I C O R J U R A S S I C RHAETIAN OR HETTANGIAN

THUYA AND TAKOMKANE BATHOLITHS AND SIMILAR GRANITIC ROCKS: hornblende-biotite quartz diorite and granodiorite, minor hornblende diorite, monzonite, gabbro, hornblendite; 14a, diorite and syenodiorite; 14b, leuco-quartz monzonite and granodiorite

13a, tine- to medium-grained, pink to brown and grey syenite and monzonite, 13b, medium-grained, creamy-buff, locally coarsely porphyritic (K-feldspar) syenite and monzonite

T R I A S S I C KARNIAN A N D NORIAN

NICOLA GROUP

I Augite andesite flows and breccia, tuft, argillite, greywacke, grey limestone; I 11a, includes minor 3 and 10

I Black shale, argillite, phyllite, siltstone, black limestone

P E R M I A N A N D / O R T R I A S S I C

Serpentinite serpentinizedperidotttc

L A T E P E R M I A N ( ? ) E A R L Y A N D / O R MIDDLE T R I A S S I C PAVILION GROUP (7,8)

I Tuff, chert, argillite, limestone, greywacke, andesitic and basaltic flows

i Chert, argillite, siltstone; minor tuff and limestone

P E R M I A N G U A D A L U P I A N

CACHE CREEK GROUP (4 to 6)

I MARBLE CANYON FORMATION: massive limestone, limestone breccia and cher\ I minor argillite, tuff, andesitic and basaltic flows

W O L F C A M P ' A N TO G U A D A L U P I A N

Argillite, basaltic flows, tuff, chert, limestone

I Basic volcanic flows, tuff, ribbon I chert, limestone, argillite

P E N N S Y L V A N I A N A N D P E R M I A N M O R R O W A N TO G U A D A L U P I A N

12a, quartzite, quartz-phyllite, qut granule conglomerate, argillite, p calcareous phyllite, marble, greer. greenstone; 12b, dark grey and t argillite, siltstone. phyllite, minor h (Metamorphic equivalents 1, 2, 3, :

Volcanic arenite, greenstone, argillite, phyllite; minor quartz-mica schist, limestor basaltic and andesitic flows, amphibolite, conglomerate and breccia; includes small bodies of 16a

M I S S I S S I P P I A N A N D / O R L A T E R SLIDE MOUNTAIN GROUP

I FENNELL FORMATION: pillow lava flows, greenstone, foliated greenstone, I greenschist, argillite, chert, minor amphibolite, limestone, breccia

W I N D E R M E R E O R C A M B R I A N A N D L A T E R KAZA OR CARIBOO GROUP Feldspathic quartz-mica schist, locally garnetiferous, micaceous quartzite, black siliceous phyllite, quartz-hornblende-mica schist, marble, chlorite schist, greenstone, amphibolite

S H U S W A P M E T A M O R P H I C C O M P L E X

Micaceous quartzo-fetdspathic gneiss, quartz-mica schist, amphibolite, micaceoi quartzite, pegmatite

Rock outcrop x

Geological boundary (approximate) —

Bedding, tops unknown (inclined, vertical) w s X

Bedding (as shown on cross-sections) ....... " ~~

Schistosity, cleavage (horizontal, inclined, vertical) TrrTl^ J r JT*

Foliation (as shown on cross-sections) f

Lineation (horizontal, inclined) / /

Fault (approximate, assumed) ^ ~

Thrust fault (approximate, assumed) • - a . Anticline (defined, approximate) —|

Syncline (defined, approximate) —

Fossil locality ©

Mineral occurrence Zn x

Coal ..

Copper

MINERALS

Coa l Molybdenite

. Cu Silver

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shtrap HapitLs

Sta

ft PlNSENl fTpiNSENT ft P1NSENT BENEX BC GOLDEN LOON 92P8 ^ 84 10 1 15 RETAIN SLICE OF SINGLE SPECIMEN SAMPLES

i Proj: P6095 Cu Zn Pb Ni Aq Au As Sb Ho Cr Date: 860617 Paae ============== :sss::::x: •====== ===== ====== ====== s:x:rssst:ss:: ====== =====-:=========

1 70751 9 18 13 960 <0.2 <0.02 6 8 153 2 70752 • 5 19 18 930 <0.2 <0.02 6 5 23 3 70753 5 13 12 450 <8.2 <8.02 17 7 80 4 70754 7 27 11 780 <0.2 <0.82 3 3 33 5 70755 5 26 8 700 <0.2 <0.02 39 9 210 6 70756 76 36 31 24 2.4 <0.02 11 36 295 7 70757 9 48 18 870 <0.2 <0.02 31 7 133 8 70758 3 38 29 940 <0.2 <0.02 106 12 53 9 70759 6 40 18 1240 <0.2 <0.02 19 5 68 10 STD AU 0.50 11 70760 15 42 13 1360 <0.2 <0.02 17 7 88 12 70761 9 15 5 1030 <0.2 <0.02 <2 5 13 13 70762 8 13 6 990 <8.2 <8.02 7 2 20 14 70763 9 48 6 17 <0.2 <0.02 3 2 18 15 78764 90 56 19 28 0.3 <0.02 <2 <2 10 16 70765 16 4 48 15 1.4 0.07 3 4 5 17 78765* 16 3 48 14 0.9 0.05 2 3 3 18 STD H6 330 19 STD P 59 41 20 STD 6 103 78 118 30 0.9

INTERIM COPY ONLY

COMPLETE RESULTS TO FOLLOW

P L A C E R D E V E L O P M E N T L T D ( R E S E A R C H

G E O C H E W I C A L D A T A L I S T I N G : G E N E X B C G O L D E N L O O N

C E N T R E )

DAT E : 5 6 - 0 7 - 0 9

PDL Lac d a t a f i l e : P 6 0 9 5 - 1 A R E A : G O L D E N LOON

-hLA-P-S-H t E T N O V E N T U R F : G E O L O G I S T : L A B P R O J E C T N O :

G E N E X b C R P I U S E N T C 0 9 5

P L E A S E D I S T R I B U T E R E S U L T S T O : P P I N S E N T * * L A B * * . S . T E N N A N T B . H O D G S O N M • G A R E A U I . T H O M S O N

R E M A R K S " R E T A I N S L I C E OF S I N G L E S P E C I M E N S A M P L E S

S T A N D A R D A N A L Y S I S M E T H O D S U S E D B Y P D L G E O C H E M L A P A R E L I S T E D B E L O W A L L R E S U L T S E X P R E S S E D A S I N D I C A T E D I N U N I T S C O L U M N B E L O W

A N Y E X C E P T I O N S F O R T H I S P R O J E C T A R E N O T E D A L) 0 V E

R E M A - R X S

MO C U Z N P 8

-C-D-

U N I T S P P M PPM PPM P P M

— PPM N I C O A G 1 A U

U V W f

p PM PPM PPM PPM; PPM p p y P p v

A S S B B I M N F E H G B A

- M A .

P P " PPM PPM P P W

X P P B X

1 K

CA S R M G S.N L O I

X X p p v X PPM X

.J-WXi-RNAl L A u - S-T-A-N-D A R D S S A M P L E N U M B E R S FOLLOWED

w T . G 5 . 5 0 . 5 U . 5 0 . 5 U . 5 0 • 5 0 . 5 0 . 5 1 0 . 0 0 . 2 5 0 . 5 U • 5 C . Z 5 0 . 5 0 . 5 0 . 5 u . 5 0 . 5 £ . 2 5 0 . 2 5 0 . 5 0 . 5 u . 5 0 . 5 y • \ 1 . 0 1 . 0

A T T A C K U S E D C H C L 0 4 / H N 0 3 C H C L 0 4 / H N 0 3 C H C L Q 4 / H N 0 3 C H C L 0 4 / H N 0 3

_. C — H C L 0 4 J H fcO 3 C H C L 0 4 / H N 0 3 C H C L 0 4 / H N 0 3 C H C L 0 4 / H N 0 3 A U U A R E G I A D I L H N 0 3 C H F / H C L 0 4 / H N 0 3 / H C L C H C L 0 4 / H 3 P 0 4 N A 2 C 0 3 / K .N03 F U S I O N C H C L 0 4 / H N 0 3 C H C L / H N 0 3 C H C L G 4 / H N 0 3 C H C L 0 4 / H N 0 3 C H F / H C L 0 4 / H N G 3 / H C L D I L H N 0 3 / H C L C HF /HI / O X A L I C

JC HJL_/Ji iLl_I14 / H N 0 3 / H C L

- E I E N I N C U l D X P - X Q P R E F E R E N C E ARE D U P L I C A T E A N A L Y S E S

T I M E 4 HRS 4 H R S 4 H R S 4 HR S A HRS -4 HR S 4 H R S 4 H R S 3 H R S 2 HRS 6 H R S 2 H R S 3 Q M I N 4 HR S 2 HRS 4 H R S 4HRS 6 H R S

?HR S 4HR3

_6_H_R_S__

R A N G E

2 - 4 0 0 0 2 - 3 C J C 2 - 3 C 0 0

2-2000 2 - 2 0 u O C . 2 - 2 0 C . 0 2 - 4 . 1 . 0 - 1 0 0

5 - 1 0 0 0 2 - 1 0 C G

2 - 1 C G 0 2 - 1 0 0 0 2 - 2 0 0 0 2 - 3 0 0 0 0 . 0 2 - 2 0 %

5 - 2 0 Q Q P P B

Ci.? -?i)X

M E T H O D A T O M I C A B S O R P T I O N A T O M I C A B S O R P T I O N A T O M I C A B S O R P T I O N A , A . B A C K G R O U N D C O R .

.A.. A , B A C K G R O U N D C O R . A T O M I C A B S O R P T I O N A T O M I C A B S O R P T I O N A . A . B A C K G R O U N D C O R A . A . S O L V E N T E X T R A C T . F L O U R I M E T R Y S O L V . E X . A T O M I C A B S O R P T I O N D C P L A S M A .

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P L A C E R D E V E L O P M E N T L I M I T E D

Duly 11th, 1986

Mr. L L u t j e n , RR1-S11 , Box 36, Chase, B.C. VOE 1M0

Dear L a r r y ,

I a p o l o g i z e f o r the de l a y i n w r i t i n g but I wa i t e d f o r the co m p l e t i o n of the a n a l y t i c a l d a t a t h a t I re q u e s t e d on the samples we c o l l e c t e d on the Golden Loon p r o p e r t y . I a t t a c h a b r i e f d e s c r i p t i o n of each of the samples and a n a l y t i c a l data f o r Cu, Zn, Pb, N i , Ag, Au, As, C r , Sb ( i n ppm) and Hg ( i n ppb).

You w i l l see from the attachment t h a t the r e s u l t s are somewhat d i s a p p o i n t i n g . I had hoped t h a t the c h a l c e d o n i c q u a r t z showing would be found t o c a r r y s u f f i c i e n t g o l d t o warrent f u r t h e r e x p l o r a t i o n . U n f o r t u n a t e l y i t would appear to be b a r r e n . The system does c o n t a i n a s m a l l amount of Sb and As but, on t h e i r own, t h e r e i s not enough encouragement t o recommend the p r o p e r t y . I am a f r a i d the Montigny Lake showing i s too s m a l l t o be of any i n t e r e s t t o P l a c e r Development L t d .

Anyway, thank you and R i c h a r d very much f o r t a k i n g the time and e f f o r t t o show me around the p r o p e r t y . I wish you w e l l w i t h i t . I f you s h o u l d come up w i t h something e l s e on the p r o p e r t y , or any of your o t h e r p r o s p e c t s f o r t h a t m a t t e r , by a l l means l e t us know and we would be happy t o review the d a t a .

Yours t r u l y ,

PLACER DEVELOPMENT LIMITED

RHP/cs 07:11:86

1600-1055 Dunsmuir Street, Vancouver, B. C. (604) 682-7082 Telex 04-55181 Mailing Address P. 0. Box 49330, Bentall Postal Station. Vancouver, B. C, Canada V7X iPl

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