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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russet who wrote (440)	11/1/2001 9:04:02 AM
From: jpthoma1	Read Replies (2) of 39344

similar bonanza grades over thin intervals Well, let me tell you that I do not agree with your interpretation. Up to now, 8 ddh results have been published and only one hole shows a «bonanza value»(uncut). Up to the seventh hole, the target was interpreted a «low grade high tonnage open pit potential project». And, I think that ddh location and depth were chosen according to that model. But the eight hole brought some «confusion» to that model. The 12 m (8,01 g/t (cut)) or 2 m (34.29 g/t (cut)) at depth were not expected (note that these are not «thin», but mining width). And if you look at the cross section, this intersection is in line with two others from holes 4 and 5, but deeper. At the time these results were published, 6 more holes were already drilled. Their location was probably far away from hole 8 (since they were looking for a large open pit low grade model). I think that someone in the company must have suggested to review hole locations and depth for the rest of the program. Such debate may have taken days since budget is not unlimited and error not allowed! I think that this may be the explanation for the delay. I just hope that they drilled a deeper hole one line 9 or 9+50 to check for the south extension at depth of the high grade zone. Regards JP

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