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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (123)10/11/2001 4:29:46 PM
From: Claude Cormier  Read Replies (1) of 39344
 
Russ,

IMR will have its first results out next Thuesday or Wednesday on Rio Tabaconas.

Hope you remember what were some surface results:

"sampling of a newly discovered outcrop of massive to semi-massive sulphides produced an average of 27.2 grams per tonne gold over an apparent true width of 8.55 metres, including a higher grade sulphide-rich core zone of 35.85 g/t gold over an apparent true width of 6.45 metres"

And soil samples:

"Sixty-two soil samples taken from the eastern extension of the target averaged in excess of one g/t gold in the B soil horizon (residual soils), with several values in the range of two to 18 g/t gold ".

They are drilling 30 shallow holes form 15 drill locations to test the structure near surface (50 meters). Next phase will go much deeper depending on results. A wise strategy I think as they cover a lot of ground with little money.
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