International Precious Metals (IPMCF) Message Board

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

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To: Ron Struthers who wrote (26689)	11/16/1997 2:54:00 PM
From: Claude Cormier	Read Replies (1) of 35569

<< The most important thing to realize about this news release is the reported grades are just from two areas. You cannot assume the whole 1st km has these grades. These samples are not from the same area as the samples reported at the AGM. Bateman basically randomly selected two areas to take samples. I expect these samples are from an area of lower grades. >> Ron mon ami... I think there has been many discussions on this in the past year while we were discussing the numbers of drill holes needed to bring the project to feasibility.. This basin is a placer deposit and the consensus has always been that it was homogeneous. Despite the past consensus...I think it is now obvious that several hundreds drill holes will be needed to evaluate the average gold grade.

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