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Gold/Mining/Energy : Madsen Gold: Production in spring of 97!
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To: IngotWeTrust who wrote (8)6/7/1997 8:57:00 PM
From: reg   of 28
 
Had to reregister because someone pirated my identity and became profane ole 49r! They own the mine and mill ( 500 ton/day) in it's entirety. As of March 27 they had 1,173,655 tons at .276opt or 323,531 ounces. All assays cut to one ounce with 25% dilution at .030 opt. Whatever that means! They currently have 4 drills going at various levels and told me that they are adding 7 tons of reserves for every drill foot. They plan 50,000 ft. of drilling in the next year. They have 10,000 acres in claims around the mine and some exploratory holes have proven interesting. The mill did operate at 600 tons per day the year it was in operation at another location.
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