ITL Capital Corp. Message Board

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Gold/Mining/Energy : ITL Capital Corp.

ICL 5.340

-3.5%

3:59 PM EST

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To: Ron Waller who wrote (156)	11/16/1998 8:53:00 PM
From: bill	of 173

Does anyone know how close they are drilling to their boundary line? If they aren't drilling right against it, what is the reason? It would seem that the best chance of success would be to drill as close to the line as possible. Am I right in believing that GCorp is following a vein system rather than disseminated gold? Veins are notorious for their unpredictability. They narrow, widen, move sideways, divide. Trying to hit a vein at 7,000 feet seems akin to shooting into the forest because you heard some noise and hope to hit a rabbit hidden by trees and shrubs two miles distant. Given the tremendous cost of deep holes in solid rock, wouldn't they have been better to have sat on their hands, kept the money in bonds, and waited for GCorp to do the work for them by driving their shaft to the edge of ICL property? This way they have to hit a vein with a two inch? drill bit and they've got to calculate its location not just vertically at two miles but horizontally at one mile (4000 feet). Some one make my day and tell me they're looking for disseminated gold rather than a vein.

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