Hi Kent
Please research this company called Golden Eagle...MINE on the NASDAQ.
They claim to have over 100,000,000 million oz of gold. I know its sounds crazy but I checked with the SEC and the NASD and they confirmed their story. Their stock sells for a whopping 8c a share.
goldeneagle-mine.com
Here's a comment from a world-class geologist who did the study on their property.
The resources previously estimated for the
claims under the Company's subsidiary's
control at Cangalli were calculated with a
conservative average grade of .500 g/m3. This
calculation, on the basis of the sampling
program reported in this report, will have to be
increased by approximately 28 times, for an
average grade of 14.049 g/m3 of gold. Using the
definitions set out above, and the overwhelming
evidence of geologic continuity, it is my opinion
that the portion of the Cangalli claims that I
studied, which would have been in any event
less than half of the claims under contract,
contain an Indicated Resource of 60,771,704 troy
ounces of gold and an Inferred Resource of
111,414,800 troy ounces of gold. While I
understand that such numbers are staggering, I
cannot change the sampling results; my
observations in the field; the huge body of
literature and studies which have been
produced about this area which support my
observations; and the centuries of
gold-producing history in the Tipuani Mining
District. It becomes apparent that if these
resources can be confirmed as reserves, which I
believe is just a matter of carrying out a more
detailed sampling program and applying
currently-used cyanide leaching technology in
testing the recoveries, the claims under the
control of the Company's subsidiary may
produce an exceptional world-class gold
deposit.
goldeneagle-mine.com
Mr Metals |
