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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Karl Zetmeir who wrote (16150)4/23/1997 2:03:00 AM
From: puzzlecraft   of 28369
 
Karl, it turns out I have about 1/2 the hole locations. I've summarized
the holes in a short-hand form of "Meters * oz/ton" by fenceline.

Starting from north to south....
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SEZ-45.25 - this is the first time I've seen a quarter division infill
of the fencelines. I do not have the hole locations for this fenceline.

Hole SEZ-46.5 BSSE-242 = no significant gold

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SEZ-46.5 - I do not have hole the locations for this fenceline.

Hole SEZ-46.5 BSSE-242 = no significant gold
Hole SEZ-46.5 BSSE-246 = no significant gold
Hole SEZ-46.5 BSSE-250 = 42.32 meter*oz/t - super hole!
Hole SEZ-46.5 BSSE-251 = 41.84 meter*oz/t - super hole!

If hole numbers are in sequence for this fenceline, at least the
good and bad holes are clustered. It is important for there to be
some gold on this fenceline, as SEZ-44 was good and SEZ-49 outstanding.

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SEZ-51.5 - I do have locations

Hole SEZ-51.5 BSSE-170 = 6.8 meter*oz/t... OK, but low-end by Bre-X standards

No problem with this hole... this is hole is on the Northeastern end
of the fenceline, well away from the center of the strike.

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SEZ-54 - I do have locations, but....

Hole SEZ-54 BSSE-80D = 38.9 meter*oz/t - extremely good

No idea why this hole is labeled 80D. First time I've seend the "D" suffix.
There was a hole BSSE-80 released on Dec 15, 1995 but it only had 3.7 meter*oz/t.

Note: there is an error in the press release regarding this hole. One of the
intercepts says from 183.0 to 101.2 meters... it should be to 401.2 meters, going
by the intercept length.
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SEZ-56.5 - I do have locations

Hole SEZ-56.5 BSSE-184 = no significant gold

No problem with this hole... like the other one, this is hole is on the
Northeastern end of a fenceline, well away from the center of the strike.
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SEZ-58.5 - I do have locations

Another typo in the press release. The press release says "SEZ-58.5"...
this makes no sense because that would be right next to SEZ-59... guessing
Bre-X meant SEZ-56.5, I did find BSSE-178 on that fenceline.

Hole SEZ-56.5 BSSE-178 = 15.52 meter*oz/t - a generic Bre-X hole

This hole is slightly Southwest of the center of the row. It is better
than the holes that I have results for on fenceline 59 and worse than the
corresponding holes on row 54. So it is about midrange, to be expected.
Either Guzman was a master salter or thar's gold in Busang!

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SEZ-59 - I have locations but not for these holes, I have no idea where they
may be. A number of holes have suffixes not seen before.

Hole SEZ-59 BSSE-64A = 10.835 meter*oz/t - typical for previous SEZ-59 holes
Hole SEZ-59 BSSE-87D = 1.44 meter*oz/t - close to insignificant by Bre-X standards
Hole SEZ-59 BSSE-223 = 2.16 meter*oz/t - close to insignificant by Bre-X standards
Hole SEZ-59 BSSE-224 = 0.3 meter*oz/t - near zip

Hopefully these are not infills between BSSE-82-88 as these previously had good results.

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SEZ-60.25 - I do not have hole the locations for this fenceline.

Hole SEZ-60.25 BSSE-285 = No significant intercepts

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SEZ-61.5 - I do have locations.

Hole SEZ-61.5 BSSE-190 = No significant intercepts

This one is disapointing as it is pretty much in the midline of the fenceline
in an area I'd expect to see about 15 m*oz/t gold. I'd like to know if
de Guzman was on hand for this one.

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SEZ-64 - I only have a location for 1 of the 4 holes reported for this fenceline

Hole SEZ-64 BSSE-112D = 12.82 meter*oz/t - a bit below average for this fenceline
Hole SEZ-64 BSSE-126A = 12.42 meter*oz/t - a bit below average for this fenceline
Hole SEZ-64 BSSE-154 = 10.08 meter*oz/t - a bit more below average for this fenceline
Hole SEZ-64 BSSE-207 = 18.44 meter*oz/t - a bit above average for this fenceline

Hole #154 is 50 meters to the northeast of the previously reported #89 which
had 14.25 m*oz/t gold. All in all, this line OK and is generally consistant with
previous results.

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SEZ-66.5 - I have locations for all three holes

Hole SEZ-66.5 BSSE-209 = 12.50 meter*oz/t - on the far left end of the line, ok
Hole SEZ-66.5 BSSE-210 = 15.36 meter*oz/t - one from the far right of the line, ok
Hole SEZ-66.5 BSSE-211 = 32.96 meter*oz/t - on the far right of the line, very good

Line 32.96 was excellent, but most of the better grade was deep down.
It is not unexpected to have some really good holes here, as #'s 94 and 96 on
line SEZ-69 were in that range.

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Synopsis.... these holes are typical Bre-X fare. Of the few "no significant
intercept" holes where I know the location, only one, SEZ-61.5 BSSE-190, is in
a location that I'd call disappointing, the others are along the edges.

Since Bre-X released no data as to the time these holes were drilled, run
through their prep/bagging process ,and what kind of monitoring was done, these holes
IMO do little to solve anything. Since these holes are generally consistant with
the previous holes, they would confirm the gold strike IMO, if Bre-X can
show that due-dilly was observed during the program.

It's late... so excuse any typos here, I haven't proofed this msg much.

John
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