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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: virginijus poshkus who wrote (12175)6/14/1997 12:23:00 PM
From: Zeev Hed   of 35569
 
Vargas. The only wide sampling results I know of are those described in last year's annual report (and in those the average over the 121 holes was about .05 oz/ton and I believe this is certified by BD0. They were comments about better leaching on selective samples with about 50% recovery. Since last December than has been a lot of talk about recovery in excess of $.25/oz/ton, but I have no idea if this is an average of the whole property or not. In any event, If that new recovery method works on a sample that use to yield .05, one could assume it will work on all the other samples as well. Remember, however, the $.25 is not certified by any third party at this time, and many hope that it will finally be at the AGM. Maybe Furlong will even drop a one kilogram, shiny gold bar on the table at the AGM and say, we processed 120 tons of ore and this is the gold we took out, look, see and touch (if your are there get your Geiger counter out, it should shine if it is transmutated gold rather then extracted <VBG>).

Zeev
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