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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST

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To: john who wrote (19581)6/22/1999 9:03:00 AM
From: John D. McClure  Read Replies (1) of 34075
 
Frome the PR:
[Behre Dolbear confirmed Golden Eagle's previous disclosures that exploration in the Cangalli concessions will be, and has been to date, difficult and expensive since:

"the rugged topography makes correlation of geological horizons and paleochannels difficult; and

"the widespread, but erratic nature of gold occurrences containing reasonably large "nuggets" and the presence of large boulders in the conglomerate makes collection of representative samples difficult. Thus the calculation of a resource, which is essential for determining economic viability, is problematic."]

Aye! There's the rub! Still, the overall tenor of the PR is quite encouraging.

-Jed
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