Abacus Minerals Corporation (V.AMC) Message Board

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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC)

AMC 2.590

+3.0%

3:59 PM EST

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To: Brad who wrote (105)	5/9/1998 7:25:00 PM
From: John Fairchild	Read Replies (1) of 397

What Ric said. But to add I guess I could say that in my opinion they have hit very economic ore over a very significant distance in a 100 m hole. They have an ore body, what size and where is the question. This is obvious to them as they have moved instantly to continue with phase II drilling without even knowing the results of the other 5 holes. Each hole will tell them a little more about the geology and controls. They have stated that they will continue drilling in the vicinity of hole 2. They are stepping out as this is a good place to start without knowing about the other holes as yet. The drill plan will evolve once they have the results from the other holes. Setting up anywhere on the property is not an issue. It is all very accessible and they obviously have a good drill team. They may not hit on the other 5 holes but again based on the extensive surface mineralization demonstrated through great trench results I think there chances are really good. Note also the statement "Both drill holes encountered highly anomalous values throughout their length." I am not a geologist but I am told that this is very significant - they are in host rock from the surface to bottom of each hole. Hope I don't sound like I am cheer leading. I have broken my own rules on this one. To much in one stock! But I see this as a very good opportunity for great gains. Best results i have ever seen so early in a drill program. Either this was a total fluke or they are sitting on a gold mine. John

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