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TABLE OF CONTENTS May 15 - 21, 1989 Volume 75 Number 10 - 0 comments

Monte Carlo Gold Mines -- a new beginning

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In late 1988, Robert Salna and several associates purchased the controlling interest in Monte Carlo Gold Mines Ltd. Since that time, changes in the management team of Monte Carlo have facilitated a new beginning for the company. Robert Salna has replaced Gordon Leliever, who has since resigned, as president of the company.

The company has two major assets, one being a portfolio of 600+ claims in central Ontario, the other being its exclusive exploration concessions on the island of Aruba. Curtis & Associates are currently completing a compilation of all the Ontario properties, including recommendations for further work where justified.

Several companies have indicated their interest in some of the Ontario properties, particularly those strategically located in the active Geraldton-Beardmore and Swayze belts, which are presently experiencing a revival in gold exploration and development. By optioning some of these properties, and retaining others in good standing, Monte Carlo will be able to focus attention on its most exciting asset, being the exclusive exploration concessions on the island of Aruba.

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