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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: jrhana who wrote (921)	6/10/2003 12:40:33 PM
From: E. Charters	Read Replies (1) of 16204

No, no one here follows Committee Bay's program. I don't see what they can do with 1800.0 parts per million gold. At those low levels, entertaining any sort of commercial production is a pipe dream. Wildcat had some trace values like that in one deposit averaging 206.0 parts per million over mining widths in 15 drill holes. What we found is that few people are interested in "proto ore", or theoretical ore values of this type, even though cheaper extraction and mining methods have been developed over the last 20 years that make these kind of low grade mining ventures possible. As a matter of fact, ore in the region probably only averaged an incredibly scant 17.14 parts per million! No wonder nobody is interested in exploration in these parts any more. It is hard to see how one can even pay the help at those rates. We see this company is in pursuit of a large greenstone belt. We sincerely hope they find it. If they are interested in help, we could probably track it down for them. It should be on a map somewhere. IN PURSUIT OF NORTH AMERICAS LARGEST GREENSTONE BELT Committee Bay Resources has pioneered gold exploration in this region and has discovered over 40 gold occurrences with grades up to 1800 g Au per tonne. Gold exists within several lithologies including iron formation, mafic and felsic volcanic rocks and greywacke. The gold mineralization is related to large scale regional shear zones. 2003 EXPLORATION PROGRAM UNDERWAY A $1.2 million exploration program is planned for 2003. 20 diamond drill holes will be drilled (2000m) on seven high priority targets. In addition, an aggressive sampling, mapping and/or EM survey program will be conducted on all the gold targets across the Committee Bay Belt. EC<:-}

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