Madison Enterprise, MNP/VSE Message Board

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Gold/Mining/Energy : Madison Enterprise, MNP/VSE

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To: Claude Cormier who wrote (233)	3/4/2001 1:55:31 PM
From: russwinter	Read Replies (2) of 285

In the least we forget category. Wonder what would happen with MNP if they hit a few super gene intervals at Pinuni Creek or the Black Zone(results coming)? Watch these guys start reporting a few 20 meter, 4 oz/ton results? If so, do you think some clueless seller will let us have some shares at under 20 cents (US 5 million mkt cap, and half is cash)? Would kind of be par for the course. From Jan. 30th IR: "" MMI sampling has revealed the presence of gold and silver anomalies associated with a series of magnetic highs and electromagnetic conductors occurring along the east north-east trending Pinuni Creek structure. Previous exploration in the Pinuni Creek area has been hampered by deep overburden cover and the presence of alluvial gold deposits which mask possible gold anomalies in the underlying bedrock. MMI Gold Values were up to 160 times the calculated background values (MMI results are interpreted based on ratios rather than absolute values as is the case with standard soil geochemistry results). The Pinuni creek structure is an exciting exploration target which Madison believes may be analogous to the high-grade zones at Placer Dome’s Porgera mine on the concession next door to Mt. Kare. MMI also confirmed a significant gold-silver geochemical anomaly on the southern extension of the Black Zone where Madison had interpreted that the extension of known mineralization trended under limestone cover. Gold values were up to 736 times the calculated background. A program of additional MMI surface geochemical sampling is planned to follow-up on the encouraging results obtained in the orientation survey. Crews will mobilize to the property in early February to commence the next phase of work."" It takes a mining engineer to analyze all the prior results but one thing is for certain. There is an unlimited supply of 1 to 4 gram mineralization there, and hitting the high grade now would mean monster upside (or should). Have a look everyone (as obviously no one has for awhile), go to current projects, hit Mt. Kare, then drill hole assay summary: madison-enterprises.com

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