Strictly: Drilling

[kcjones]

Mountain Lake V.MOA will be drilling at Valentine lake in Newfoundland in the next week or two. They presently have 50% with a chance to earn 100%. They also have an alluvial diamond mine in South Africa 25% going into full production on Sept 1/02. These are top quality diamonds. They are presently grading at 1.6 carots per ton. They have already got 300 thousand ton signed up and are looking to get 1 billion tons by the time they're finished. The owners are Government 24%, t.EET 51%, V. MOA 25%. It's still cheap to get into.

KC