Abacus Minerals Corporation (V.AMC) Message Board

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

AMC 2.590

+3.0%

Nov 6 3:59 PM EST

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To: Mr.Staya who wrote (111)	5/11/1998 5:01:00 AM
From: John Fairchild	Read Replies (1) of 397

Hi Ric again I am no geologist but I do enough reading to know what looks good. AMC have done enough surface reconnaissance (along with Barrick's bulldozer trenching) to give them a pretty good idea of the minimum extent of surface mineralization is. There were as usual areas of trenching the ended in mineralization but were not extended due to overburden. Epithermal systems tend to be very large bulk tonnage and as you can see by the description below. this one is. Note also "Epithermal stockwork quartz veining similar to the trench area was discovered approximately 2 kilometres northeast where grab samples returned values as high as 10.7 g/t gold and 52.0 g/t silver." From some of the old NR's Oct 27/97 Abacus personnel accompanied by the Company's independent engineer, Mr. Giles Peatfield, visited La Manchuria in early October. The gold mineralization occurs in large epithermal chalcedonic stockwork hosted in an intensely clay-adularia-hematite-silica altered rhyolite. This intense alteration is exposed in all three of Barrick's trenches. Multiple phases of cross-cutting chalcedony veins, varying in size from hairline fracture fillings to 15 centimetres in width, occur throughout the exposures. The stock work veining and altered rhyolite outcrop over an area of at least 700 metres by 700 metres on a prominent silicified ridge which protrudes 75-100 metres above the general valley floor. The La Manchuria stock work zone appears to be open in all directions and trends under the alluvial cover in the valley floor. Jan 27/98 La Manchuria Property Work on La Manchuria included 7.2 kilometres of IP and 8.6 kilometres of CSAMT geophysical surveys, geological mapping, the collection of approximately 575 grid soil samples, 260 prospector rock samples and 244 trench samples. Mapping confirms felsic volcanic rocks that host the known epithermal mineralization extends under overburden cover both to the north and south. Both geophysical surveys clearly identify a large and depth persistent zone of high resistivity straddling a weather resistant topographic high. This is interpreted to reflect extensive silicification of the host units. The area of this zone of silicification as indicated by the geophysical surveys is in excess of 200,000 square metres at 50 metres in depth with deep seated feeder zones. Work to date including sampling and geological mapping indicates a correlation between gold and silver values with the amount of silicification. ------------------------------------------------------------------------------------------------------------ E. Charters made an apearance on this thread some time ago and made reference to how good the property looked. That was based on surface results only. Now that they have drilled and hit in one of their first two holes I beleive that a great step has been made in demonstrating the potentilial of this property. " LM98-2 is believed to represent the most significant discovery since the discovery of Anglo American's Cerro Vanguardia Mine (80 kilometres east of La Manchuria) in the mid-1980's. " This is a stong statement that obviously met VSE approval. John

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