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Gold/Mining/Energy : ECHARTERS
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To: E. Charters who wrote (2951)10/4/1998 12:28:00 PM
From: Little Joe  Read Replies (1) of 3744
 
I would like to have your assessment of IWA sludge results.

The following post recently appeared in StocK House and do
you agree with the interpretation of sludge results?

Thanks
Little Joe


Posted by JCA

When I called to company last week, they told me the sludges
showed 30 feet of 1oz/ton. That would be absolutely
amazing, but that is probably why the VSE would not let them release the sludge assays.

What is strange about the VSE's decision though is that a geologist told me that sludge assays are generally a
better representation of the average grade than drill cores.
His logic was very involved but basically it has to
do with better mixing of the sludges and the fact
that the volume of sludge is much greater than the
volume of core. While this sounds very promising,
I do not think the market will care about anything
other than the raw drill core assays.
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