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Gold/Mining/Energy : Southwestern Gold

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To: TrueScouse who wrote (86)	7/9/1999 3:07:00 PM
From: Claude Cormier	Read Replies (2) of 585

<< Looks like there are no sellers to me!>> Exactly. Current shareholders know what they have in hand. And new shareholders will know soon. <<Why would Maxy Oil (Sp?) sell a big chunk of shares to SWG so cheaply? I'm not complaining <g>, but it looks like SWG bought them at only about a quarter of the current market value. I don't understand.....>> I don't have the answer... but John Patterson is on the board.. I suspect that some earlier agreement allowed this to happen. I notice also that MXY has some agreements to acquire more natural gas assets and iussue more share. Maybe this is to prvent future dillution, in case no discovery is made.... your guess is as good as mine. ALthough this deal is rather small when compared to other SWG'assets...it has extremely high potential MXY deal with Texaco is a company making, IMO. << Does the CSH gold prospect at Haoya really have a strike length of 4.8 kilometres!?! I'm not sure if I'm interpreting the recent PR correctly, but if this is so it could be an enormous deposit. I'm accustomed to seeing figures measured in hundreds of metres -- not kilometres! >> Yep... refer to issue#34 and #40. The strike lenght has been established by some 65 trenches some 50-100 meters appart. The mineralization to 50m and a grade of 1.5g/t have been proved by a 103m 45 degrees decline and a 50 meters shaft on one side of the property. Od course, as of today the continuity at depth over this 4.8km has not yet been proven. The 1st 6 holes are testing the first 1700 meters. This property has the potential to be in the 10-20M ounces category. Of course it could also end up being only 1-2M ounces. The potential is there and coming results on the grades to those depths of 200-300M will say in what league we play. CC

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