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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Claude Cormier who wrote (3573)	11/26/2002 3:23:16 PM
From: ralfph	Read Replies (1) of 4051

Hey Claude . " Cinco Minas is very different deposit from Alamo Dorado. It looks like more gold than silver and different mineralization. It is also a former mine where the stuff that was mined had a grade of 15 oz/t silver and .10 oz/t gold. What is left in resources is much lower grade." I think the gold kicks are a pleasant surprise. From what I can make out Tumi is looking at the Cinco Minas property as a silver play. At least that is their focus at present. What they are up to right now is proving that the mineralization is consistant, at which point they should drill the property off. This is very early stage , but am I missing something in looking at the grades as being positive ? From what I see they have about 700 meters to explore on that level and 12 more levels to investigate as well.( I doubt they will hit more than 3 or 4 levels but That is just me making guesses) They do not have the tonnage to compare with BAY...yet. But they have had more success than PLY's little venture last year. What I am really interested in is the undrilled ground that Tumi has also aquired in the area. This mineralization does turn up in clusters at times more often than not. gots my fingers crossed ralfph

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