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Politics : Gold and Silver Stocks and Related Commentary

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To: loantech who wrote (18182)	10/24/2005 5:58:51 PM
From: E. Charters	Read Replies (1) of 18308

The drill results are not sudden death or anything like that. The character of the vein is known. They drilled wider apart and deeper than anyone else has and they found much of the same thing that Cominco and the others found visually. I had heard that 5 of the holes were fairly high grade, but the rest were below the averages they were expecting overall in the first round of lab results. They went looking for another lab because Moly has a notorious digestion problem where it won't go into solution. Also the lab sample size of the first round people was only 0.12 grams, which is way too low for accuracy. MOst do 0.5 grams in digestion. They had seen good moly in some samples and it did not come out as they expected so they went to another lab to see if the results would be closer to the average. The challenge is to get the numbers to match what they see in the core. Quite a while back some earlier operators sampled the vein for 500 feet on surface and channeled it. They counted the chips and did a SG estimation and came up with 2.25% sampling the vein every 2.5 feet. This is probably not too far out. I walked the vein on the surface and judging by the heavy moly I was seeing here and there, I thought it should carry grade, but that would be hard like hell to get numbers on in drilling as the huge nuggets (one or two were 2-3 feet long and up to 6 inches thick) would be some hard to hit in drilling. I am surprised that they came up with as much high grade as they apparently did in the various drill programs since the property was first explored. What will tell us what we expect to hear is the results of the milling of the 3500 ton bulk sample, which is expected to be before too long. I think they are crawling all over that about now. EC<:-}

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