Cardero CDU, the next Piernia Message Board

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Gold/Mining/Energy : Cardero CDU, the next Piernia

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To: charred who wrote (5)	3/6/2000 2:21:00 PM
From: Quickdraw	Read Replies (2) of 30

charred, Further surface sampling and mapping to define targets must take place before any drilling occurs at Cori Huarmi. I believe they can start this even before the agreement is finalized. Regarding Cofradia, they had surface samples of 4.53 g/t over 30 meters in the volcaniclastic package which showed at surface. pacrim-mining.com Cori Huarmi lists 3 samples which do look excellent but there are very few just like at Cofradia. What the news release does not say that Ascot's material report does say is that gold values exceed 50 parts per billion over the 2.5km x 500m anomaly. Contrast that to 4,756 surface samples taken at Luicho at an average of 1.56 g/t over the 2km x 250m and the 400mx 50m zones. pacrim-mining.com The map: pacrim-mining.com As for an insider putting his money up, well lets take a look at Gallery Resources for example. stockmaster.com Each year the president puts up his own money in a private placement just before drilling begins. e-newsservices.com Each year a drill campaign begins and each year the share price rises temporarily as it appears insiders exit, the only result is further dilution, and a cycle that begins again each year. You won't say the names of geos, no analysts have reviewed the property, more than likely you can't name the majors who "wanted it" yet you feel this is the next Pierina. Hmmm... That said, only drilling will determine if there is mineralization at depth on the property. I'll keep my eye out on this one. Good investing, Qd

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