Message 10297085
"But the days when the happy prospector could
sift nuggets from his pan, or chip streaks of
gleaming metal from hard country rock deep
under ground are long gone.
Modern gold
discoveries are usually
invisible, and expressed
in values of grams per
tonne, in amounts so
small that they require
several tons of rock to
be broken, crushed,
filtered and leached
before an old fashioned
ounce or two can be
recovered. "
news.bbc.co.uk
"The Company's 1999 activities in Athabasca will be fully directed
toward the establishment of a precious metal resource.
The pioneer co-development agreement with
Syncrude Canada Ltd. in 1997 enabled the
Company to sample more than 150 drill cores,
and examine over 275 electric logs, from
holes drilled within the Syncrude Canada
Ltd. Aurora Mine development area.
birchmountain.com
This is where it gets real interesting
quote.yahoo.com
quote.yahoo.com
birchmountain.com
"Alberta is representative of a low temperature
end-member of sediment-hosted precious metal deposits such as the
Carlin gold mine in Nevada.
Birch Mountain has land holdings in excess of
883,872 hectares (2.18 million acres)
In April, 1997, Birch Mountain reported multiple fire assay results showing
significant platinum and gold enrichment of 2.2-4.9 grams/tonne and 0.2
grams/tonne, respectively, over a 1.6 metre interval in drill hole
11-7-AE-96-10W4. To test this intersection, late in 1998 Birch Mountain drilled
four vertical core holes within 100 metres of drill hole 11-7-AE-96-10W4,
including a six inch core hole drilled less than 3 metres from the original collar
location. Standard fire assays of core from the four drill holes were conducted by
Bondar Clegg, North Vancouver, B.C., using their method FA-56. No anomalous
precious metal concentrations were detected in any of the four drill holes. This
contradicts results first obtained by Syncrude Canada Limited and later confirmed
by Birch Mountain for the interval 72.0-73.6 m in drill hole 11-7-AE-96-10W4. "
"These contradictory results can not be explained at this time."
Birch Mountain considers that the results of scanning electron microscope (SEM)
examinations of rocks from Alberta and Manitoba, which document the
characteristic Prairie Gold mineralogy and were conducted by at least six
independent parties, prove conclusively that platinum, palladium, gold and silver
are present in anomalous quantities in these rocks. Despite exhaustive testing of
established precious metal assay and recovery procedures by various parties
including Birch Mountain, a reliable procedure has not yet been developed which
yields results corresponding to those confirmed by SEM and electron microprobe.
Logically, therefore, the inconsistencies inherent in precious metal determinations
reflect inadequate analytical methodologies, not the absence of precious metals.
, not the absence of precious metals."
Here's the BiggiE
" Although a
method to produce repeatable assay results has not yet been perfected, sufficient
analyses and assays have reported quantities of precious metals higher than those
reported by lead collector fire assay, to convince Birch Mountain that a nil fire
assay value does not necessarily accurately reflect the precious metal content of
the sample."
Although a
method to produce repeatable assay results has not yet been perfected, sufficient
analyses and assays have reported quantities of precious metals higher than those
reported by lead collector fire assay, to convince Birch Mountain that a nil fire
assay value does not necessarily accurately reflect the precious metal content of
the sample.
Douglas Rowe, President and CEO of Birch Mountain, and Saskatoon Natural
Resources Ltd. report a private transaction in common shares of Birch Mountain.
Douglas Rowe has acquired 756,686 common shares (the "Shares") from
Saskatoon Natural Resources Ltd. The Shares, together with 1,787,706 common
shares previously held by Mr. Rowe, represent 9.2 % of the outstanding common
shares of Birch Mountain.
Birch Mountain has also engaged an
independent third party consulting firm to audit results of our analytical methods
development program..http://www.birchmountain.com/html/06-24-99/06-24-99.html
Is that Hugh Abercrombie or what!
birchmountain.com
I believe this to be an opportunity that doesn't come around often.
Tel. 403 262 1838 Fax 403 263 9888
Douglas J. Rowe, President and CEO
Jane Quinn Investor Relations
I would reccommend the up to date Annual Report, the CD (Get it) and the minutes of the AGM
(6-24-99), if possible.
|
