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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Claude Cormier who wrote (21444)9/30/2003 9:19:29 AM
From: Tommaso  Read Replies (1) of 39344
 
Yes, after I reread the other message I realized that might be the case.

Do you follow Greystar and did you see these results?

VANCOUVER, BRITISH COLUMBIA--Greystar Resources Ltd. is pleased to report on the drilling progress at its wholly owned Angostura Gold/Silver Project in Colombia.
Three contract diamond drills are operating and a fourth will be added soon. The primary objectives of the current campaign are to: (1) increase drilling density along the strike and to test the depth of previously identified veins and, (2) to drill projected higher grade shoots predicted at the intersection of veins and the vein/fault intersection, both projected by the analysis and interpretation of data from 52,000 meters of previous drilling.

Greystar Vice President, Frederick Felder, says, "The following results of drilling in the Mina El Diamante area of the Angostura deposit has demonstrated the validity of our predictive modeling. Several of the intersections of veins and vein/fault intersections were encountered at or near their projected locations."

Hole Intercept From To Interval Gold Silver
(m) (m) (m) gm/t gm/t
-------------------------------------------------------------
AL-03-01 V4-F 82.0 89.0 7.0 2.79 6.4
DM03-01 V28-V52 278.0 284.0 6.0 2.45 1.4
including 279.0 281.0 2.0 6.19 1.5
V53-F7 338.7 340.2 1.5 10.54 42.2

DM03-02 V20-F/Per. 13.0 20.5 7.5 2.99 20.7
including 18.0 20.5 2.5 7.69 54.2

DM03-03 V52-V28 156.0 168.0 12.0 2.57 7.1
including 156.0 157.6 1.6 8.76 28.0
163.0 165.0 2.0 4.97 7.9
V53-F7 172.5 178.0 5.5 2.27 11.6
including 172.5 174.0 1.5 6.75 36.0

DM03-04 V27-F9 113.0 121.0 8.0 10.52 14.0
including 117.1 118.1 1.0 75.30 51.7

DM03-05 V26-? 20.5 34.0 13.5 3.65 15.4
including 28.0 34.0 6.0 6.73 23.6

Most of the 54 veins identified by previous drilling and used in the interpretive process are near vertical. To gain maximum data all holes are drilled at angles of about -45 degrees to -55 degrees and thus each hole encounters several veins and possibly one or more of the vein-vein or vein-fault intersections. For example, Hole DM03-01 also intercepted veins 22, 23, 25, 27, 28, 52 and 54. Holes DM03-02, DM03-03, DM03-04 and DM03-05 all intercepted four or more veins in addition to the targeted higher grade zones. A total of 39 vein and higher grade zone intercepts from the reported five veins were assayed. Assay results ranging from 0.67 gm/t gold to 6.64 gm/t gold and vein intercepts from 1.0 m to 31 m have been noted, which is consistent with previous drilling.

Core recovery has averaged above 93% and most drilling is done with HQ and NQ tools. The larger diameter core is beneficial in logging and sampling procedures.

Since drilling recommenced in July, Greystar has cored over 3500 meters in 13 completed holes.
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