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Gold/Mining/Energy : CUMBERLAND RESOURCES (CBD)

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To: Stallion who started this subject9/18/2003 12:40:08 PM
From: loantech   of 393
 
Here is what the buyer of CBD will get and the reason we need to hold long and strong:
<<1) Goose Island Depth Expansion

Deeper drilling in 1997 yielded outstanding results located 200 meters below this high grade deposit (359,000 oz.gold averaging 11.5 g/T cut or 19.2 g/T uncut) including:

25.8 g/T over 5.2 m in hole 97-163
and multiple intersections of
18.9 g/T over 2.0 m and 16.25 g/T over 3.0 m in hole 97-165

These results strongly indicate the continuing depth potential of this deposit. Drilling is proposed to test depths up to 400 meters below the current deposit (600 meters below surface)>>

The complete document can be found on Sedar dated April 6, 1998.
Next years drilling program will be both wildcat holes and then exploring to depth the areas that have been proven up already. These few holes are the only ones ever done at Meadowbank to depth and they show the potential for very high grade and the potential to make this one hell of a deposit. Even more than it already is.

DISCLAIMER:I am holding CBD long and strong and adding as we move up. For Wayne please do a LTBH. <g>
Tom
Just Imagine.
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