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Gold/Mining/Energy : Paramount Ventures & Finance

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To: Yorikke who wrote (109)	9/8/1997 11:39:00 AM
From: Yorikke	of 4884

Some comments with content: Sometime this weekend I recieved a somewhat more positive apprasial of the Jureamento property. This is the first outside appraisal I have seen of this property. I have been asked not to referance these comments directly; but if you reread my recent posts you can make a good guess. If you can't email me and I give you the address. CMN: 100 foot intersections of .5 to 1% copper and 1/3 to one ounce silver are hopeful..but I don't know the attitude of the beds or the extent of them from this drilling. If they are flat lying then they need about 250 million tons to make a mine. This would imply that they can find an area about 1000 feet wide and 5.0 miles long. Lots of exploration to go yet and lots of holes. If it were oxide copper this would change drastically but there is no indication here. They are doing SX-EW tests since May but I do not know the results. This would be important..the dip of the thing is 25 deg. which means that 1000 feet across strike it is 466 feet deep. If 100 feet thick, which ain't bad, then the stripping ratio is 2.11 to 1 approximately. They have 370 kilometres of sedimentary contact to investigate but that will be darned expen$ive to look at the whole thing. Probably satellite imagery and flying for conductors is the best way about it. I don't know how much of this they have done. To fly the 18500 KM they need to do at least, will cost 2 million. Satellite work is relatively cheap. Ground followup will be on the probable 1000 targets generated about initially 1 million and if they get that down to 100 probables then about 2 million more to do more ground work. If they drill 40 of them then they will spend about 1.6 million more. 6.6 million and two years and their chances are good. But even in the cartoons there is no guarantee that Wiley coyote will get [the road runner]. *********************************************************************

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