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Gold/Mining/Energy : BRE-X MINERALS (BXM,BXMNF)
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To: Arthur Tang who wrote (242)4/4/1998 5:46:00 AM
From: Arthur Tang  Read Replies (1) of 287
 
Barrick gold had 148 cores that contained no gold, but two cores with gold. Since the cores were taken from relatively flat ground, this type of gold reserve is similar to Nevada gold where it is scooped up and processed for less than 20 tons per oz of gold. As it gets deeper, the gold content will increase to 10 ton per oz; then depleted. The mother load type of reserve has to be in the center of a mountain caused by vocano eruption. The scattered gold is caused by platonic shift of earth plates. Or in the case of Krondike gold washed down from the mountain edge; no one dug into any mountain center. Denver gold mines are all in the center of mountains, where mother loads had high concentration of gold. Busan area is not in the center of the island. Therefore, has to be expecting similarities either like Krondike or Nevada type of gold reserve.
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