Golden Eagle Int. (MYNG) Message Board

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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: David Sirk who wrote (3039)	5/23/1998 8:04:00 PM
From: Claude Cormier	Read Replies (1) of 34075

<< Claude! I know were just speculating here but if this is indeed one of the most Gold rich area's on earth, would it not take less effort to find it? >> Nope. I would say that, generally, the higher is the grade the easier a deposit will be defined and proven. When you have .5 opt or 1.5 opt (like Eskay Creek at Prime Resources), you don't need a lot of sampling and drilling as the gold is more concentrated. Although we don't have the numbers, what I have read so far on Cangalli is between .03 and .2 opt which is in the normal grade range. So when you have low to medium grade, you need more tonnage. Proving up 6 millions ounces of .03 grade means drilling, trenching and sampling through 200 millions tons where proving up 6 millions ounces of 1.5 opt gold means drilling and sampling only 4 millions tons of material. I hope this helps.

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