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Gold/Mining/Energy : Montello Resources
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To: Just Wayne who wrote (2924)12/1/1998 12:49:00 PM
From: JP  Read Replies (1) of 4256
 
<<I would guess that, like Ashton, Kennecott has drilled the highest priority and most obvious targets first. >>

Good guess but I would say that you are wrong on this one.
ACA drilled the ones that were handed to them on a silver platter from Alberta Energy. They then proceeded to find a few more. Kennecotts batting average is as good or better when you consider nobody handed anything to these guys. The targets that have been drilled so far consist of 3 obvious 'high priority targets'. The others were tests to see if they had their kimberlite detection theories mastered. That was why one one hole they drilled a low mag target to see what was happenning. When they hit kim on that - the whole property became a target. They are very sure on 30 targets and pretty sure on 20 more.

We are going to get a very steady stream of good news and diamond counts out of this company for a long time to come.

Also keep in mind that they were drilling by chopper -so that probably had a very large bearing on the target selection. Variables such as flight time and fog would have had to factor in.

JP

PS -if you are impatient - check into AXON on OTC BB. They have some big news up their sleeve and the high tech market is taking off. See the thread I started on it for more info -type in Axion Spatial -this is an outfit that is in it's infancy with amazing compression over the internet technology -the brokers won't have heard of it yet. I've got mine so I don't mind spreading the word now. Same with Everest.
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