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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: the Chief who wrote (11185)7/26/1998 1:09:00 PM
From: Patrick Lauder  Read Replies (1) of 34075
 
<<The data that Alan assembled, is the data I studied quite awhile ago, It is where I came up with my theory of "alluvial pools". When you go looking for alluvial/placer gold you look in low lying areas, where the gold will likely accumulate as a result of natural runoff. If you start washing the residuals, you will run into very high numbers. However, within hours/days you will deplete the resevoir. So 4 days of production of "significant quantity" was not allarming to me. What was a telltale sign however, was once they got through the alluvial collection resevoir, they hit uneconomical values. Which tells me with increasing depth the alluvial gold disappears! Which is also not surprising. This raised my concern of the "third dimension=depth", a concern I still have.

Also the grab samples in most cases "appear to be rather small".

For me... this is somewhat alarming, because it appears to be "selective grab". Very few geologists will grab, where there appears to be little reason to suspect the prescence of gold. Also note that when "grabbing" in the mine shafts no depth is associated with the grab! Under "normal" circumstances depth is attached! Spacing in depth is maintained to show the continuity is not random. ie. Grabs were done at 5m -10m, 15m, etc. etc.>>

Chief, the comments you make here and those of Alan are interesting. They would carry more weight if we did not have a bunch of reputable geologists who spent years examining this area. (one from the are Guido, Trites, Person from Newmont, person from Barrick, and a slew of others who commented positively on the deposit). Is it possible a few part time geologists like yourselves, (no insult intended as I appreciate your posts) without any detailed report in hand can second guess the geologists that have been looking into this for years.

After the history of the area, the second most important thing that allows me to hold MINE shares long are the reputable people involved. Have you chatted with Guido, Trites, tow directors of MINE with years of experience, the expert called in to extract the fine gold. Your comments would hold much more water if some university geology students went to the property and did a report on their findings. They would come up with the numbers we have. If this were the case your comments would sway me more. As it is, even though Guido, Trites, fine gold specialist, Newmont, Barrick, (persons) etc... are all restricted from commenting, there initial research still speaks very loudly. On top of that I don't think TT would make it public unless he was satisfied it all made sense.

Continue your comments, but you haven't converted me to your thinking yet!

Pat (sitting in Montreal, trusting the volumes of work done on the Cangalli site)
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