Madison Enterprise, MNP/VSE Message Board

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Gold/Mining/Energy : Madison Enterprise, MNP/VSE

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To: Bill who wrote (83)	10/5/1997 12:32:00 AM
From: mineman	of 285

Anyone want to chat on August 22 results, and what's expected in current drilling? Or has everyone written Madison off? Madison spent $8 million, and drilled enough holes to intersect any 3 gram/t gold in a 100 meters wide X 200 meter long zone, but it didn't happen. Madison admit that in almost all cases if one of the narrow flat-lying gold zones were intersected in one hole, they did not continue to the next hole, and the higher-grade 150 meter wide north-south striking gold zone starts at about 50 meters depth and is only about 70 meters thick, with the underlying mudstone unmineralized. This depth restriction would prevent anything of interesting size from being discovered. Perhaps the vast majority of people who believe the property is finished are correct. Any opinions? mineman

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