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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Enigma who wrote (3358)1/23/2003 2:00:56 PM
From: Pete  Read Replies (2) of 3558
 
Not too familiar with Barricks style, sorry for my ignorance, just speculating-

Actually Wolfden has quite impressive assets if you take the High Lake copper/zinc property into account-

That is what Teck is interested in, (they are currently technical advisors on the project).
When they recalculate the resource I think it will be around 6 million tons of average grade 4% copper and 2.6% zinc-
The old estimate was 5.3 million tons, drill indicated-
The zones they were drilling this summer are open to depth.
That is the company's main asset, but people want gold right now i guess.

Wolfden has 500,000 ounces of gold at 1/2 oz/ton drill indicated in the jv with Bema Gold, Bema technical team has stated they think the Monument Bay gold property has an excellent chance to become a high grade gold deposit-

Cheers all-
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