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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: Claude Cormier who wrote (2892)	5/23/1998 1:37:00 AM
From: CIMA	Read Replies (3) of 34075

Claude, I realize many technical questions remain. However, do you have any comments on the highlighted procedures part of the report? - strict control of the samples once taken, including the chain of custody until those samples were placed in the control of the lab. - all samples were subjected to duplicate analysis, with approximately 20% of the samples subjected to triplicate analysis. The LOWEST of the assays was always used instead of the average. This implies the 6,430,000 proven ounces is a conservative number doesn't it? - on all block modeling Paravicini used between 30% and 40% of the indicated cubic meterage as indicated by topographical data to ensure conservative calculations. What does this mean? - to qualify as a reserve, all resources had to meet minimum physical and chemical criteria related to the specified mining and production practices, including those for grade, quality, thickness, depth; and had to be reasonably assumed TO BE ECONOMICALLY AND LEGALLY EXTRACTABLE OR PRODUCIBLE AT THE TIME OF THE DETERMINATION OF THE RESERVE. Mine modeling had to demonstrate the feasibility of specified mining and production practices...

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