Not, MODIFIED, but- STANDARD FIRE ASSAY! REVISE the DD Holy Grail of an Index, SEE Comment about other Basins and in my thoughts, the Great Southwest:
Hey Canada and Calgary Guys, too bad they didn't talk SFA last week:
NEW SFA on FAQ Breakthru in technology we all waited for...start your engines!
The HolySgrail:NEW SFA on FAQ Breakthru in technology we all waited for...start your engines!
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Q. Why do you believe there is gold in northeastern Alberta?
A. "Scanning electron microscope and standard fire assay analyses have conclusively demonstrated the presence of anomalous quantities of gold and other precious and base metals in rocks in the Athabasca region of northeastern Alberta. To explain the transport and deposition of gold and precious metals in Athabasca, Birch Mountain, together with the GSC, developed the Prairie Gold model. With the fire assay results announced in April 1997, we have become increasingly confident in the area's potential."
Q. How significant are your fire assay results?
A. "First of all, it didn't happen overnight. Prior to April of 1997, we could demonstrate the presence of gold, but it took two years of work using various methods including fire assay, cyanide leach and flotation concentration at several laboratories before we were able to see repeatable determinations of gold content," says Doug Halbe, Metallurgical Consultant.
"And platinum was a bit of a surprise," adds Bob Lipsett, "although we're certainly pleased that it's there given that it's in high demand. The results - up to 4.94 grams of platinum and 0.21 grams of gold per tonne - are encouraging, but we will need to find the deposit before we can determine just how significant these results are."
Birch Mountain's Chairman, Dr. Richard Garnett, elaborates on the Company's recent news: "Our results are solid. We have three fire assays with similar results from Bondar Clegg and Activation Laboratories, two extremely reputable firms. They obtained the samples independent of Birch Mountain. Birch Mountain has been, and will continue to be, very cautious about releasing results of analytical or extraction analyses."
Q. Do you think the Athabasca region has economic potential?
A."Yes, unequivocally," according to Dr. Hugh Abercrombie, Manager, Exploration. "The conditions leading to the formation of the three-trillion tonne Athabasca oil sands deposit also appear to control the flow of gold-bearing brines. Microdisseminated, sediment-hosted gold deposits, such as Carlin in Nevada, typically form over a few hundred thousand years to a million years. In contrast, mineral deposition in northeastern Alberta occurred over a much longer period, perhaps tens to hundreds of millions of years. This, and other factors, lead us to conclude that there is tremendous potential for the formation of large-tonnage deposits in Alberta that could rival some of the largest gold deposits in the world."
Q. Where and how do you expect to find an economic gold deposit?
A. Dr. Jon Thorson, Exploration Advisor, responds: "In our exploration program, we are using geology, geophysics and geochemistry to correlate Prairie Gold mineralizing processes with the structural, stratigraphic, hydrogeological and geochemical elements that are essential to the formation of an ore deposit. The Prairie Gold model tells us that an ore deposit in Athabasca will be found in a large volume of fractured limestone containing gold, silver and other precious and base metals. Evidence from other sediment-hosted gold deposits further suggests that an ore deposit will be found where structural and stratigraphic conditions enabled brines to flow into areas that had the ability to capture metals."
Q. Where else would the Prairie Gold model apply?
A. "The first area is Dawson Bay in Manitoba, where Birch Mountain has acquired a Special Exploration Permit covering 15,073 hectares. New occurrences of microdisseminated gold and polymetallic minerals were discovered here in 1996 by the GSC and Manitoba Energy and Mines," says Hugh Abercrombie. "We believe we can recognize and identify occurrences of this mineralization elsewhere in the WCSB and in other basins around the world that show geological, geochemical, structural and hydrogeological features similar to Athabasca and Dawson Bay." He also adds that "Birch Mountain has initiated a program to review and prioritize regions in and outside of North America that have the potential to host other Prairie Gold deposits."
ASE:BMD
Birch Mountain Resources Ltd.
3100, 205 Fifth Avenue S.W.
Calgary, Alberta Canada T2P 2V7
Tel. 403 262 1838 Fax 403 263 9888
Douglas J. Rowe, President and CEO
Jane Quinn, shareholder services
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