GITENNES Exploration (ase:GIT) Message Board

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Gold/Mining/Energy : GITENNES Exploration (ase:GIT)

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To: charred who wrote (882)	11/21/1997 9:07:00 AM
From: E. Charters	Read Replies (1) of 1092

Very negative spin indeed. But did it ever occur to you that they drilled deep because they want to know what's at depth? I know there is a bit of cap on the Alumbre. But don't break your eggs before they are hatched. What is unknown to us is at what depth the mineralization begins. That hole doesn't mean its only at depth. The company has reported the Alumbre is an indicated 600 metres in length. There have not been enough holes in any zone to constitute delineation, unless you are one of the school of thought that says one missed hole or bad recovery hole constutes cut-off. The Hollinger mine had 50,000 diamond drill holes in it before it closed. Drilling at this site is very difficult indeed, with 1 and 3 metre shifts sometimes. With this kind of difficulty I am surprised the company could make any projections at all. I think that leaves us armchair geologists being right about the second guessing as dicey at best.

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