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Gold/Mining/Energy : International Tournigan(ITG.V)announces major discovery
ITG 30.230.0%Feb 28 4:00 PM EST
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To: Chuca Marsh who wrote (29)1/15/1997 10:12:00 PM
From: Richard L. Brown   of 347
 
You may well be correct. Sounds as though the drill program for Mali is on schedule to begin around the middle of February. Also appears the the company will be completeing the 50,000 metre drill program in Ghana very soon, I think they told me 5 more cores will complete it. Then with Mr. Gallon's direction they will begin to move out 25 to 50 metres on each side of the reef structure and go down deeper with the next drill program. Typical structure in Ghana gets wider and higher grade as they go down. This is what they will be targeting.

So with the minimal depths and only about 15% of the property drilled so far, it would appear to me that this property may well contain a whole lot more than the numbers I mentioned in my previous post.

One would have to begin to wonder what the companies intent will be, to prove more reserves and begin to mine, or prove a little more and then sell the whole thing to a major. Diamond Shamrock sold to Ashanti Goldfields for..if memory serves me correct..a whole lot of money. And with the stock price being what it is it must be very tempting to management even right now??? What do you think?

Back to Mali...Take a look at the widths of the samples over there...If they go down even a 100 feet the numbers get large very quickly. I'll be very interested to see the early cores from this property. I hope the company goes down at least a hundred metres because if these deposits go down deep this thing could be huge!
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