Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Shirley Owen who wrote (8889)	3/2/1998 7:10:00 AM
From: David R. Schaller	Read Replies (2) of 14627

Shirley, you didn't miss a thing. Well, we did give up on Leticia (to my surprise.) But you may have made it back in time for at least a mini fireworks. PFG has been emphasizing the silver at Diablillos. Which considering silvers' run is understandable. I suspect that there is more to it though. I think we can all assume that if the total resource is re-evaluated up by 30%-40% (because of the latest drill programs) that the au/ag ratios will hold and the total oz of each metal will increase accordingly. There is; however, one thing going on in the background which could have a disproportionate effect. That is the 12 twinned DD holes. If the silver content on these diamond drill holes actually turns out to be much greater than their RC twins we could have a huge increase in silver without a commensurate increase in gold. In which case it is easy to understand why a subtle shift in emphasis. (For those who are new to the thread..this has been an ongoing point of contention. The few diamond drill holes that have been reported and are close to reverse circulation holes..returned much higher silver values than the RC pair. We have come to find out within the last 4-6months that the silver at Diablillos is largely tied up in silver salts. They are, as it turns out, at least somewhat water soluble. The thinking is that some of the silver (especially in high concentrations) may have been washed away in the drilling process. This could have resulted in lower silver values on all the reported RC holes. The gold figures were fairly close so no large increase in gold would seem to be expected.) I am not sure when we can expect these results but they could have a dramatic impact on the size of this resource. It would seem that they should be available in the near term..since all the 12 twins were drilled last year. As far as share price, I don't think we need to have an eminent buyout offer to increase the share price dramatically. What we do need is an increase in the resource to a size that makes a buyout likely. Hopefully we will be there...when the number crunching is done. Regards, Dave

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