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Politics : Gold and Silver Stocks and Related Commentary
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To: E. Charters who wrote (17388)8/18/2005 1:54:14 PM
From: ogi  Read Replies (1) of 18308
 
Hi Eric: Thank You for that. I hope you can understand how I misinterpreted you then. I thought this statement by you was far from what you have just written about capable people building a mine rather than sell to a major.

" Once a promoter drills a hole in a new area that is sufficiently far offshore that on one can check it, he can generate about 800,000 tons of ore, or 50,000 ounce per drill hole. All foreign orebodies run about 2 to 3 grams per ton and have fantastic mining widths with no effective stripping ratio, as the waste is just lower grade. "

Guy.t may have gone in looking at the former mines being able to get them into production quickly. I think that has changed as they now have bulk tonnage targets giving very encouraging results. Not bad to have both options available and feeding your mill. The Rory's Knoll is looking interesting at depth.
They were supposed to have a 1,000 metre capability rig in place this summer. Here is an excerpt on depth:

"RKD 26, 27 and 28 are step-out holes to the northwest proving the depth continuity of Rory's knoll mineralization and tracing the recognized 70-degree rake to the northwest. It should be particularly noted that the centre of the high value zone (that is, 5.62 g/m over 105.8 metres) of RKD-27 is to date the deepest drill intercept at Rory's knoll mineralization. The centre is approximately minus-350 metres vertical from surface. This result raises the potential of having Rory's knoll blossoming at depth."

Also:

"Interpretation of the geophysical data suggests that the Rory's Knoll discovery forms part of a much larger regional structure with an indicated strike length of several kilometres. Where this structure is intersected by north-south faults, there is an increased probability of significant gold mineralization."

I belive this is why they then staked an additional 148,000 acres and expanded the geophysics.I don't mind if Guy.t has the expertise to go it alone on a mine. I like they way they have developed this company to date and I await further developments.

Cheers,
Ogi
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