Northern Abitibi Mining (NAI-ASE) Message Board

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Gold/Mining/Energy : Northern Abitibi Mining (NAI-ASE)

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To: Ed Pakstas who wrote (57)	10/19/1997 8:59:00 PM
From: Baxgold	of 773

1. There are currently 3 drill rigs and the core area joint venture projects operated by Drz. 2. Potential drill sites have to be permitted and this can take 2-3 weeks. 3. The drill holes are numbered by Teck as if all of the joint venture properties are one project. That is why the drill hole numbers don't seem to make sense and why posters are wondering as to the results from the other 70 holes. 4. The drilling on the Nai property got underway about the middle of Sept. 5. The original target was a coincident set of EM/Mag anomalies trending NE-SW. 6. Two fences of holes were being permitted on this target. 7. The holes are drilled at -60 to the SE. 8. The gravity survey was underway and the preliminary results were only received in late Sept and interpretation is still ongoing. 8. The three drill rigs are drilling now on MGJ, DRZ, and probably CYP claims now. 9. Tech is in the process of permitting onothe 20+ drill sites on NAI claims. 10. Once all these sites are permitted they will be able to have the flexibility to drill the mineralization properly with respect to the geological model. 11. The DRZ geologist has stated that the model has been proven \with these two discovery holes. 12. By the end of next week at least one and probably two rigs will be on the DRZ claims assuming that by then the permits have been received for the additional drill sites. 13. DRZ will be giving a "Show and Tell" in Toronto towards the middle of the week. 14. There is nothing devious going on-let the exploration people do their job and be patient with regards to the results. 15. Get the maps from the web-sites and the companies' I/R people instead of guessing how all of this fits together. One important thing when everybody is looking at the property maps on the web-sites-look at the scale bar, etc! A property owned by a VSE junior may look closeby on the property map but it is really 20 km away, in the wrong rocks, nobody is doing any exploration and the claims will probably lapse in the near future. Hope all this helps to clear up some of the confusion guys. Be patient, let Teck do their job and if Mother nature put a Voisey's Bay style of deposit on the DRZ/NAI property the Teck explorationists will find it and develop it. Be patient and professional in your speculations, both geologically and financially.

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