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

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To: CusterInvestor who wrote (21056)9/14/2006 10:00:21 PM
From: loantech  Read Replies (1) of 78407
 
Hello Bigpike,

This is from the MMGG website:
<Reserva International, an independent contractor, specializing in resource evaluation was retained to complete a block model evaluation of the oxide zinc data. The results, using a 5% cut off grade (using grades greater than 5%) and with blocks of 5 meter dimensions, estimate 17,926,988 metric tons with a grade of 8.78% zinc for the Iron Oxide Manto and 5,431,050 metric tons with a grade of 12.08% zinc for the Smithsonite Manto.>

metalin.com

MMGG has just had their property swept for airborne topo to do a new block model. Hopefully will establish even more minerals in the ground and to see about open pit:
<Air photography of the district has been contracted from Orthoshop
Mexico to produce a Digital Elevation Model (DEM) of Sierra Mojada.
The photos have been flown, aerotriangulation completed and the DEM is
promised to be completed by month end. Pincock Allen and Holt will use
the DTM as part of a scoping study to determine if open pit mining is
possible for the Iron Oxide Manto. If all or part of the manto can be
mined by open pit methods then the mining cost would be significantly
lower than by underground methods.>
new.stockwatch.com

<A 1999 drill program was completed which consisted of 24 holes and 6,630 meters of reverse circulation drilling. Fifteen holes were drilled in the La Nortena area of the Encantada mine and 9 holes were drilled in the oxide zinc mantos of the San Salvador and Encantada mines. The drill program was a success with intersections of ore grade mineralization over thick intervals and with some intersects of exceptional grade and thickness. The results were released in public news releases and are posted in the News Release section of Metalline's web site.>
Well over 35,000 meters in drilling up to now from 1999.

Not sure about the why of the additional shares but jackjc or Mr. Aloha may have that answer.

Tom
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