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Gold/Mining/Energy : A Canadian Junior Gold Hunt

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To: BEEF JERKEY who wrote (46)5/30/2002 10:57:11 AM
From: BEEF JERKEY  Read Replies (1) of 96
 
I hate to constantly hype Rupert Resources (RUP.V) but it does look very very promising

News was out yesterday Re: Goldcorp's (TSE:G, NYSE GG) exploration of the "Far East Zone". Goldcorp is currently getting rich due to it's discovery in the 90's of the "High Grade Zone". This plainly one of the richest mines in the world and I believe lowest cost producer. Gold cost ~ $90 / oz to get out of the ground and there is lots and lots of gold with more constantly being found.

Anyway Goldcorp just released an update on current exploration results yesterday. They have found lot's more gold further below their "High Grade Zone". What is more important to RUP.V is that exploration of the "Far East Zone" also yielded very promising results. A new hole was tested 400 ft. beyond previous furthest east exploration and a gold vein was hit. The geology, which is very unusual, is identical to the high grade zone. Goldcorp has high expectations for this area.

biz.yahoo.com
goldcorp.com
goldcorp.com

According to my research so far the Geologic deformations and metamorphism(s) associated with gold bearing structure in the Red Lake area are most noticeable at the "edges" of what is called the "Conchecor-Dickenson Deformation Zone". The trend of the High Grade Zone to the Far East Zone is consistent with this thesis. Significant to Rupert Resources (RUP.V) is that this trend is just next door and leading right onto their property.

tabla.geo.ucalgary.ca

This is one of the richest Gold trends ever discovered and it is now a proven trend over a 1km long (possibly more, exploration to the west is also yielding positive results) its is pointing to the Rupert Property and is now within a few hundred meters.

rupert.com

Goldcorp currently has a market Cap of 3.6 Billion $C mostly due to the High Grade Zone while Rupert Resources Market cap is less than 3.6 million $C. I'm long both so bear in mind "I'm Hyping"!!

rupert.com
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