MIRANDOR Q&A
Pursuant to our management update on October 29, please find enclosed the following Question and Answer report from MIQ management.ÿ
We would like to thank all those who submitted questions to AGORA.ÿ All the questions were submitted to MIQ management and we are pleased to have received their immediate response.ÿ Naturally, questions that involved speculation about upcoming results, or possible future partnerships, could not be addressed.
Upon your review, AGORA would like to invite all shareholders to discuss these answers and other matters related to MIQ at our own public discussion forums.ÿ For your convenience, we have included the link below:
agoracom.com
Please select "Gold & Mining" as your topic.
Regards,
AGORA Internet Relations Corp
agoracom.com
MIRANDOR Q&A
1] As I noted on the Bullboards, it would be interesting for everyone to
know whether Kinross met their expenditure requirement for 1999.
MIQ:ÿ They did not. We don't have their accounting but they did mention that they
had spent $800,000.
2] Does MIQ expect a full drill and exploration report from Kinross, or
basically a box of diskettes and data dumped on their doorstep.
MIQ:ÿ We will have the full report and all the data in electronic format.
3] Based on last year's exploration program, what do they believe the
resource estimates for POD (Probable, Possible, etc) now stand? What about
the rest of property?
MIQ:ÿ Because it was an exploration program, reserve calculation were not done.
The known calculation remains unchanged.
4] Another question (more like a prod). As part of the promotion, will MIQ
create a professional web-site? I've asked Gilles about this in the past,
he knows it needs to be done, but it costs money. I know this is on his to
do list, but you might want to encourage him to do this sooner rather than
latter. It will provide further evidence that MIQ is alive and kicking.
MIQ:ÿ Point taken.
5] What date was the deal with K officially declared dead.
MIQ:ÿ Tuesday the 28th of October.
6] Did the parent of MIQ. have any direct involvement with cancellation of
the agreement with K.
MIQ:ÿ MIQ has no parent company.
7] We speak of having enough funds to run into 2000...how far into 2000?
MIQ:ÿ Until August.
8] Who was the contractor that did the drilling for Kinross?
MIQ:ÿ Unknown.
9] Were all partners in agreement to cancel contract with k?
MIQ:ÿ Yes
10] Resumption of drilling....when?
MIQ:ÿ Not before the drilling season starts in Nevada (June)
11] Are there any and i mean any legal liabilities left with the
cancellation with K.
MIQ:ÿ None whatsoever except that Kinross will reclaim the land (put the ground back in its
original state and seed) disturbed by their activities.
12] How much cash if any do we have in the bank?
MIQ:ÿ Enough to maintain the company well into 2000. See 7.
13] How deep are the intersections reported in drill holes released to date?
MIQ:ÿ We will know when we will get the final report.
14] What are the specific host rocks and formation names of the Lower Plate
rocks hosting the deposit - is it the Carlin Formation.
MIQ:ÿ Chainman and Webb Formations
15] If M. Laverdiere isn't a geologist, could he give me the name and
telephone number of your Nevada based team leader?
MIQ:ÿ I am a geologist.
16] How does Mirandor explain the copper and zinc contents of the drill
holes, and have they been assayed for silver? If so, what are the silver
values?
MIQ:ÿ Copper and zinc come in a skarn-type mineralization. Skarn mineralization is
produced when an intrusive magma is localized within limestone rock
formations.
The End. |
