Letters to the Editor Newhawk, Granduc pleased with results

In the article you commented on the new low price of Granduc ($2.60 per share) and stated that “both reserves and grades have been downgraded” at our Sulphurets project. Since our last reserve statement was published on Nov 17, 1988, I believe you are expressing an opinion rather than stating fact.

Both Newhawk and Granduc are pleased with the results being obtained at Sulphurets and are confidently working toward a production decision. Fred G. Hewett Vice-president, exploration Newhawk Gold Mines Ltd.

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