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Gold/Mining/Energy : Beau Pre Explorations Ltd (BPD V)

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To: RICHARD KESSLER who wrote (9)3/18/1999 7:57:00 PM
From: the Chief  Read Replies (1) of 18
 
Hi Richard. the release that you have posted has been out since 11 March 99 on Stockwatch. BPD numbers are not as good as ARPs by a long shot. Here are some ARP wonder holes.

ARP-Hole DDA2 returned 70 metres of 5.72 grams per tonne gold and 52.34 grams per tonne silver, including a 16-metre interval of 9.38 grams per tonne gold and 37.69 grams per tonne silver.

Hole 104, collared 50 metres southwest of hole 98 in the area between
Filo Federico and the NW target, returned (partial) 77 metres of 3.48 grams per tonne gold and 21.18 grams per tonne silver.


BPD holes are marginal at this point IMHO..this is why the stock has not responded to this release. I would question.....at this point that this is a "major find". My impression is that this property is in BC and not in Argentina...although not stated.......is this true?

"NO LESS THAN THIRTEEN SEPARATE INTERSECTIONS" in excess of 100 ppb gold (0.10 g/t), are found for intersections that range from 1350 ppb gold over 1.00 meters to 389 ppb over 7.52 meters. These 100 ppb.
Gold intersections are usually contained within much wider zones of anomalous gold and arsenic geochemistry.


.4g/t over 7.52 metres is not fabulous...in fact with percentage recovery rates and cut-off grade it would likely be considered non existant. 1.3g/t(1350) over one metre is an acceptable grade but an unacceptable length.

.....Jordan River to test the eastward extension of gold mineralization defined in drill hole 88-12 within altered amphibolite. This intersection returned gold values of 5.93 g/t over 4.5 meters.

Hole 88-12 is reported as having 5.6 g/t. I looked back over the last year of the companies releases and have found no record of this hole.

I am not trying to "deflate" but these numbers are not impressive....you mentioned "Im no expert but I've been told this find numbers are better then agentina gold numbers and thats trading at much higher numbers. bring your experts in and try to punch some holes in this analysis this looks to good to be true!"

No offence...just my opinion. You might want to ask Claude Cormier or Elizabeth Andrews what they think.....for another opinion.

the Chief
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