SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Celtic Minerals
CME 265.82+1.1%11:26 AM EDT
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gil Kempenich who wrote (36)12/4/1996 10:21:00 PM
From: DON   of 69
 
Hi Gil:Certainly good results from initial drilling but I think its a bit far fetched to be comparing these results to another DFR.The property in question will require extensive drilling at depth.The area in question is an excellent property but for a number of years ,several well known geologists have had their different gelogical models of the Buchans formation and tried to compare it to the old days when ASARCO mined Buchans for gold and base minerals.One company BP CANADA spent years trying to locate an economical deposit through extensive drilling but finally gave up because of the expense in the deep drilling costs and not finding an economical deposit.Who ever gets lucky in that area,it will take extensive drilling to come up with an economic deposit worth mining.The initial results by CELTIC are good but I would have to see alot more in terms of results before I would start jumping for joy.To put it bluntly,they are in some of the best geology potential in the province of NEWFOUNDLAND.Alot more work has to be done before you really know what they really have there.By the way Gil,this is not in the area of the recent staking rush and where rumours abound.The best I can say right now on what limited information we have,its certainly interesting.Regards:don
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News