GITENNES Exploration (ase:GIT) Message Board

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

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To: Pete Mimmack who wrote (942)	4/23/1998 8:32:00 PM
From: E. Charters	Read Replies (1) of 1092

Looks good, tantalizing. But I told these guys and they thought it was a joke. drill with a high torque, low speed down hole drill. The oil industry has been using them for years in difficult sedimentary formations and it works for them. Granted you pay a 100 bucks a foot but when you count the holes lost and the question marks all over this deposit and the difficulty defining an open pit with the holes in the data then you save money doing it that way. It's either that or go underground and start drifting everywhere. They have fooled with the deposit long enough. We know there is ore there. Lets delineate. Lets plan. Any more pussy footing around and the shareholders are going to start dying. You need to know the depth width and grade to .007 ounces per ton to plan an open pit. No surprises. AND the price of gold has to figured accurately for ten years ahead. Are they up to it? I know you could do a 70,000 ton a day underground mine there and the pit walls and depth are not a factor. Sound crazy? Well they did an 80,000 ton a day underground copper mine in Butte Montana. Let's go. Time's a wastin'. echarter@vianet.on.ca The Canadian Mining Newsletter

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