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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Karl Zetmeir who wrote (25817)11/13/1997 12:29:00 PM
From: Rod Currie  Read Replies (2) of 35569
 
MGAU Comments of Karl's . . .

Your comments on MGAU's announcement are of particular value in reminding viewers that this news should probably be 'qualified'. It is this kind of reporting/analysis that can make our on-line sites so valuable. Did you know about this before, or did you pick it up from the "153 surface samples were collected" sentence? Am assuming that the 81 samples [averaging .197opt] were 'the best', no? The other 72 samples [also assuming that they were assayed, as MGAU had to know which to select from, no?] must have been significantly lower in assay value as to pull the overall average down, if 'mixed' in.

Under the circumstances it is curious that these 'grab samples' [to use your term] were split and sent to additional labs for verification test. On a 'grab sample' basis it would seem rather early to do this, one would think. Are they just verifying the accuracy of their own assay process, or seeking 'credibility confirmation' that the gold is really there? It is also clear that it is rather preliminary to run out and extrapolate share prices on the basis of those early tests. Still, it _is better than a sharp stick in the eye.

I also note, without comment, that this exercise was performed back in August. I assume that there must have been good reasons for delaying this announcement. However . . . .

Of perhaps even greater import [in this age of desert-focused multi-cluster formations] I find it highly significant and _most encouraging that it appears that they were able to use a 'standard' fire assay test to achieve those .197ozt figures. I am sure that the AZDOM will be _most happy to find [and believe?] that there is 'finally' gold in the State of Arizona. Do you, or anyone else know if these findings were indeed able to be created via a 'standard fire assay' process, without resorting to more extensive machinations to accomplish this task? Given what we apparently see, it would seem that MGAU now happily removes itself from at least some of the problems that face the typical 'Desert Dirts'.

I appreciate your analysis and quick 'reminder' on this subject.

Rod [Hollywood Beach, Ca.]
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