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Gold/Mining/Energy : The Molybdenum Discussion Board

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From: energyplay	5/9/2007 5:59:47 PM
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GPXM - The high value should produce strong signals for the IP survey. Short explanation of resistivity, self polarization, and induced polarization - 66.225.140.1 GPXM is having a geophysical firm do an induced polarization survey of their property this month. Because the Ashdown mine has VERY high grade ore, this should work very well - almost like a lab demonstration. Most moly veins run 0.2 to 1% Moly. In the Ashdown mine, they run from 2% up 12% and more. This means a very high signal to noise ratio, and should mean clean results. With a little drilling for confirmation, they may be able to expand their known resource base. Right now at the Ashdown mine, about 750 acres of the 3000 have been mapped to some degree. With moly now selling for $28 per pound, and the Ashdown mill able to recover 80% of the moly, 2% ore is worth over $800 per ton. The IP survey should delineate many more tons, outlining a much higher asset value. The IP survey is planned to be completed this month.

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