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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Mr Metals who wrote (331)10/19/1998 12:19:00 AM
From: Elizabeth Andrews   of 3282
 
One hole a deposit does not make. There may be a structural reason for the grade in hole 80. Plus it's only the top interval in the hole that would make this an open pit target and the grade isn't high enough. Plus you can't tell what the orientation of the mineralized structure is. 43% of the value in this hole resides between 94 to 117 meters below surface. The top part of the hole from 43 to 94 meters runs 3.445 g/tn but they don't say how consistent that is or whether there is a high grade zone in there that drives the average grade up.

Obviously, you have to pay attention to the next holes and especially the volume of trading, but I'm not too excited yet.

Where are holes 77 and 78?
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