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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: CIMA who wrote (2983)5/23/1998 12:26:00 PM
From: Claude Cormier  Read Replies (4) of 34075
 
CIMA,

Indeed it really looks like great care has been placed on all procedures. I have nothing to say about the methodology. I am only surprised by the conclusion. I am used to read miners proving up a few millions ounces after tenths of thousands meters of either drilling, channelling and trenching with the same quantity of samples.

The resources announced by MINE based on that number of samples does not match with the numerous situations I have look at so far. I guess we always learn. When the tech report is available, we will be in a better position to discuss the matter.

BTW, I am told that MINE doesn't have 100% in the property and that it is only receiveing a small interest. Can you shed some light on this?

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