ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: F. Evans who wrote (980)	11/3/1998 2:22:00 PM
From: the Chief	Read Replies (1) of 3282

Cont'd............ARP has dimensionalized the property in width with "anomalous values in holes 82 and 76 in a east west direction. Even though 76 and 82 were poor holes they still extended the size of the deposit 50 meters beyond! The deposit lies in a NNE direction with 84 and 83 being at opposite ends. Assuming we accept 300 metres as the length, 200 metres as the width, and 300 metres as the depth. The result is 18,000,000 cu metres which equates to about 23,000,000 tonnes of ore at "we'll say 5 g/t gold equivalent = 4,107,000 ounces of Gold equivalent. This equals 4.1 million ounces of "gold equivalent" not 4 million ounces of gold they own 60% of this deposit. Present stock price is out of line IMHO, but then again I thought it was out of line at $2.70 the Chief

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