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Gold/Mining/Energy : Allegheny Mining (AYM on Alberta)
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To: tshane who wrote (13)6/15/1997 9:30:00 AM
From: Steve Johnston   of 24
 
All of the grades you correctly quote from the old Minnova program (I am impressed by your knowledge, by the way) are economic, at today's prices, depending on the tonnage AYM can prove up. My quess is that they will have to find at least 500,000 tons of ore to make the deposit worthwhile to mine, assuming that the ore can be processed through an arrangement with a nearby milling facility. In this regards, the nature of the ore, particularly the gold, is important as different types of mineralized ore require different processing techniques, some of which may not be available in the vicinity of the Vanguard property. By the way, have you (or anyone else) heard anything further on Newhawk's plans to pay for further drilling at AYM's Lindsay/Olcott property? Regards.
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