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Gold/Mining/Energy : Rock Resources

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To: Mike Gold who wrote (965)	3/16/1999 12:22:00 PM
From: the Chief	Read Replies (1) of 1996

By the way, how many holes to prove up a 2 1/2 billion ton deposit? I use that number-it works out to about 1 cubic kilometer of minerlization. If we assume 50 meters offsets-I figure you need 400 holes each 1000 meters long! Looks like ROCK is going to have to quite the drill program to prove this sucker up. Actually, its clear it will be bought out long before the drill program is ever finished. Cheers! They start off drilling by establishing "fencelines". These fencelines are spaced 200 metres apart and drilling is done on each fenceline. If the deposit shows consistency they will then start establishing 100 metre fencelines. So I would expect a grid of 4 fencelines seperated by 200 metres to start. Each fenceline would be drilled at 200 metre intervals. So assuming good drill results the drill program would be 5 holes per fenceline and 4 fencelines...so twenty holes. The likely routine will be an annoucement of a 3-5 hole program (based on the strongest IP decays) with the idea of using results to bump shareprice....or have a JV with a major and have that major pay for drilling. We shall see..... the Chief

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