Golden Eagle Int. (MYNG) Message Board

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Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

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To: Murrelpr who wrote (1634)	3/31/1998 10:05:00 PM
From: Michel Grenier	Read Replies (2) of 34075

Good evening, Guy. You said: "Mr. Paravicini also had his team go back to the site as he was unsatisfied with the sampling distance (too far) in three areas. Although hampered by the rain, they did some infill trenching and channeling in those areas. The distance issue pertained to meeting proven reserve criteria. GE could have issued an incomplete report but chose to go for the entire report. The report will include proven and probable reserves. Also, inferred resources will be moved up to indicated, and indicated up to measured resources." That corresponds to the scenario I had in mind. They had to do further sampling so that the report could contain some proven reserves estimates and they chose to add the results from those last samples, rather than releasing a report based on results that would have been unconclusive. Well, thanks again for the information. It is truly appreciated. Michel

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