Red,
News out on you r pick MGM-v:
Morgain Minerals has staked a 46,000-hectare block to cover a large gypsum
basin in the state of Coahuila, Mexico, that includes and surrounds gypsum
claims previously staked by the company and reported in Stockwatch on March
5, 2001. A number of other significant pure selenite beds have been
outlined within the main gypsum horizon by company geologists. Since pure
gypsum (99 per cent gypsum) is in short supply worldwide, it was imperative
that this block be staked to protect this significant selenite resource.
Three chemical assays taken from an exposed part of one of the selenite
beds and, tabulated below, indicate a large source of over 99-per-cent-pure
gypsum, a product that is used in the high-end gypsum filler and plaster
industries, that command prices ranging from $80 (U.S.) to $400 (U.S.) per
tonne.
Sample Width Assay
Number Metres Feet Gypsum %
Chup 6 3.0 9.9 99.6
Can 24 1.0 3.3 99.7
Can 25 2.0 6.6 99.6
Pure gypsum as illustrated in the above table is used in food and
pharmaceutical applications and certain products, such as dental plasters,
that command prices ranging from $1,175 (U.S) to $3,500 (U.S.) per tonne.
On another front, the development of the La Sauceda silver vat leach plant
in Zacatecas, Mexico, should begin production prior to the end of March,
2001. |
