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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)
GMO 0.01210.0%Jan 21 4:00 PM EST

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To: Daytek77 who wrote (340)4/12/1997 1:22:00 AM
From: Ron Everest   of 588
 
Thanks Tony: Are you saying that the dyke extended to the surface at some time in the past? and eroded, oxidized, intermixed with other soils, erosion placed materials etc? Seems to me that 230 meters is a long ways down for this process to take place, however, over many years......maybe so, hope so. My intention is to hang in there on GMO. The weather has been clear for some time now, we should see drilling start approx the fourth week of April.

If the material assaying at 9.2 grams per ton is in fact material from a long ago eroded source (assume the dyke) then the dyke could have very big potential.

I am not sure how deep these pits were, but with the wet weather in this area we could be seeing a leaching process from the surface to the level of the pits, however, 9.2 gm is very high and if the sub surface was only 1/3 of that level then we have major potential here..

Best regards,
Ron E
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