Pacific Rim Mining V.PFG Message Board

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

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To: Elizabeth Andrews who wrote (13722)	9/22/2000 12:57:51 PM
From: hank2010	Read Replies (1) of 14627

Elizabeth, If I called this proven ore you are right, and definition drilling (50 metre vertical holes on a relatively tight pattern)would have to be done first. But the average grade of the samples from the Upper Sandstone is 2.31 g/t. Two of the drill holes penetrated the Upper Sandstone (#1 and 2) and got slightly better grade. From the 8200 surface samples (I do not think anyone questions that they are legit)management says the upper Sandstone dimensions are 1800m by 250m by 50m deep equals 22,500,000 cubic metres @2.2 Specific Gravity (assumed) equals 49.5 million tonnes. 49.5 million times 2.31 gram per tonne equals 114.345 million grams. 1 troy ounce equals 31.103 grams therefore 114.345 grams = 3.67 million ounces. If they drill vertical holes into the Upper Sandstone they will convert this to proven ore. The 4 holes released yesterday were designed to test the middle sandstone in an area of the intersection of three faults. The test was negative. That does not mean that the 8000 surface samples are dis-proven or that the 3.67 million ounces have disappeared. In regards to mother nature's tricks, the tricks have not shown up in regards to the upper Sandstone where PFG has done the majority of their work. In the middle sandstone where there were very few areas that could be accessed and sampled, the 4 drill holes showed that the middle sandstone does not host ore grade material everywhere within the structural corridor as expected or hoped for. Yes this is a disappointment, and yes (in my opinion) diminishes the overall potential of the project, but it should not detract from the gold present in the upper sandstone. nor should it detract from the potential of the middle sandstone to host good grade ore in the vicinity of where they were able to sample.

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