Exall Resources/Glimmer Resources Message Board

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Gold/Mining/Energy : Exall Resources/Glimmer Resources

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To: E. Charters who wrote (1283)	10/23/2005 8:56:41 AM
From: winzer5	Read Replies (1) of 1319

With All Due Respect to the Pumping Police, I Say Yes. I have done my DD. As a matter of fact I started out as a Glimmer supporter way back (circa 1996). Then played both sides of the JV. Now Glimmer (as BaffinLand Iron Mines) and Exall have moved on and are doing well on their own. There is enough infornation on the Southern Star Resources (SSR-v) site plus Goldcorp(G-T), Placer Dome(PDG-T), Cypress (CYP-v), Rubicon, etc to send you in search of your own answers. But by far the best place to look is the SSR Website. Here you will see the Micon Report (43-101), a recent PowerPoint presentation, plus other maps. In the links to the interviews I posted, you may have heard Stephen B Roman (SBR) detail the experience of the Exall board. In the case of SSR, they mostly hail from the FNX success at Inco in Sudbury. The most recent board recruit is Terry MacGibbon who got a couple of peer recgonition awards for his work with FNX. So I like the story, even at half the cost per ounce of Goldcorp. Plus they are drilling (Bruce Channel (BC)10 and now 11) from Goldcorp's property. They are openly talking about dewatering the Cocheneur-Willans (C-W) Shaft "like the own it". So just on this spot alone (C-W boundary) there could be enough of a "possible reserve" to justify shaft rehab, establishing hoisting and truck dumping facilities for haulage to the Goldcorp (old Dickenson) mine. I would surmise that the tenor increases with depth. Excellent footwall access from (C-W). Then there is Western DIscovery Zone (WDZ) on the western side of the property (Micon used this to do their 2004 report). SO they have a mine anyway, especially with gold possibly heading north of $500US. Might even be able to connect the WDZ to the BC (C-W down dip extension) with a footwall drift with a handle of XX401. LOL If you see a downside I would like to know about it. Cheers Winzer

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