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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta
PFN 7.470+0.7%Jan 8 4:00 PM EST
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To: VAUGHN who wrote (2206)11/20/2003 6:32:18 AM
From: E. Charters  Read Replies (1) of 2255
 
The glass is half empty. PFN is steadily taking out possibilities, and whence the glass is half empty, all the possibilities will have been exhausted. If a possibility works as it does with Dana, then fine. When it appears not to work, as with Azen so far, they have to take out a new possibility from the glass.

The possibility of whether or not 1.5 to 2 grams will support Anglo's production has not been proved. It appears Anglo is still thinking, and wanting more ounces to decide it would appear. On the other hand, they may think they can it at that grade, but just want to see how big it gets.

Banshee has good grade. Widths are not yet impressive, but grade may make up for that.

Deposits with over 860 feet or near 860 feet of grade were Texas Gulf with 695 feet of ten percent copper and Lac des Isle of Pat Sheridan's ( then Madelaine Mines, now North Armerican Palladium) with 1400 feet wide of .07 PGM's in 1989. The latter was the widest ore grade intersection in history that I know of.

Lac des Isle is now running at 2.5 grams average (.073 ozs/T). Last year it ran profitably at 0.052 ozs/T.

I note that other people in the area have that intrusive contact area, but have not been able to come up with good results. You would think other areas would have minerlization that was contact related. I know in other rocks to the NW, there is Pt minerals, wide and of good grade.

EC<:-}
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