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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Mark K. who wrote (4505)5/17/1997 6:22:00 AM
From: Bill Jackson   of 14627
 
Mark; That is a very good hole, with an equivalence of 70:1 Ag:Au that is a very good 16 grams/ton gold equivalent (~ half ounce per ton) about 100 meters, and with a 20 meter radius this is a 150,000 ounce hole. You can probably not go more than a 20 meter radius as it has only 100 meters depth. It will probably be larger than the 20 though, as this deposit seems to be wider than it is thick. But you get an area 100M x 100M x 100M that grade and you have 2.5 Million tonnes at 0.5, not bad. Of course, it could have been a narrow pencil 3" in diameter and we hit the long axis(if you believer that, land in Florida beckons)
But holes like this soon give the lie to Charters pessimism. Just wait, more coming.
Bill
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