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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: salva who wrote (933)	4/25/2000 10:39:00 AM
From: timbouctou	Read Replies (1) of 1178

While reviewing the last PRs and Northern Miner detailed article, a few point comes to mind: 1- The resource aclculation is (almost) all open pit and open laterally. 2- It has a 19 gr gold grade 3- Recovery rate is clse to 97% (Northern Miner) 4- At depth, using diamond drill, the grade incerase to 32 gr of gold. 5- Open at depth (with increasing grade!) 6- Metallurgical tests and analyses (hinted at by NM) are yet to be released (when?, coming days or weeks)and should provide great insight at real recovery rate and cash cost. Concusion : What we have seen and has been confirmed is only the tip of the iceberg. This property (apart from their other properties) is very promising. And as Barrick mentioned (see NM) when they purchased Bulyanhulu, only a (samll?) portion of the preperty has been drilled. It is getting more and more interesting

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