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

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To: mineman who wrote (87)10/5/1997 10:34:00 PM
From: chevalier   of 285
 
I am by no means an accomplished expert at this but my largest concern is the southern 220 meters of the 600 meters tested so far. They had the terrific hole M5 (31.8 meters of 308.4 g/t) but then bombed on holes m-40 and m-38. When I asked the company about this some time ago I was told that m-40 was drilled down a fault and that m-38 was not thoroughly drilled as mechanical problems occurred and was stopped in mineralization. They informed me that a new hole ( I think it was m55) has been drilled from the same location as m38/40 just in the opposite direction and has encountered what appears to be to the naked eye a nice length of Quartz roscoelite mineralization which they feel is the extension of m-5. If true this should bode well for the project.
As well I hope that when they drill past the area of weak mineralization south of hole 5 that the drill results will confirm what trenching has shown to be more medium grades.
The Water Tank zone appears interesting as CRA drill holes hit good grades.

The next round of results will determine the future of this project.

What is your say?

Cheers,
Ari
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