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Gold/Mining/Energy : Anzex
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To: John E.Quinn who wrote (184)11/3/1998 4:58:00 PM
From: chevalier  Read Replies (1) of 253
 
More likely that these horizons contain Iridium and a couple other PGE's. Here is a quick synposis of the drill hole. They hit 2 horizons which is bullish however the grades are not economic at all. Further drilling is definitely warranted as it looks real promising but they have to find a richer area that extends for some distant. The amazing thing about the UG2 and the Merensky reefs in S. Africa is that they have fairly consistent grades for miles on end. Lets see if AZX tries to finance now. Hole 4 is going to be closely watched by the market
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