Not sure Claude would remember since he had little interest here.
It was said that they were to confirm or dispute G P's study, because of the SEC. Neither was accomplished, with exception to the vertical and horizontal mineralization and grades consistent with samples from other reports on the property.
I am guessing that was one of these boards rumors.
Here is the Companies Official release:
"The Company retained Behre Dolbear in October, 1998, to conduct the fourth geological study commissioned on Golden Eagle’s Cangalli gold deposit since January 1996 (Trites, January 1996; Paravicini, April 1997; Paravicini, May 1998; Behre Dolbear, May 1999). In addition, Golden Eagle had received reports on site visits from Donald M. Hausen, Ph.D., former chief mineralogist for Newmont Mining (September 1997); Max Staheli, former controller of South American operations for Barrick Gold Corporation (September 1997); and Ronald L Atwood, Ph.D., former chief metallurgist for Newmont Mining (March 1997), all members of Golden Eagle’s Technical Advisory Board. These previous reports had all indicated that the Cangalli gold deposit was a large, widely-mineralized deposit with a good potential for supporting one or more open-pit and underground mining operations. Golden Eagle’s management sought a consulting firm with the stature and expertise of Behre Dolbear to confirm this concept from these prior reports."
"6 figures I think but I don't remember"
I believe it was 7 figures. |
