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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: jennifersilversun who wrote (3)9/3/2005 1:11:32 PM
From: Dr. Rock  Read Replies (2) of 78424
 
Jennifer,

There is no question that there is high grade gold in the Corex property. Their work has shown that. The main question is how much are they going to find. One of the problems (and benefits!) of exploring this type of mineralized system is the large size and abundance of mineralization/targets. It can take time and several drill programs to find the economic part of the deposit. Western Silver's nearby Penasquito deposit is a good example. This property has been explored for more than 10 years, initially by Kennecott. There were indications of high grade as well as bulk tonnage mineralization in several places, but it took time to explore. Many juniors do not have the time or money (or shareholder understanding!) to put in the effort. A company must focus on certain areas and not get too distracted. Corex has a great target and we'll have to wait and see the results.
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