Queenstake Resources (QTR.T) Message Board

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Gold/Mining/Energy : Queenstake Resources (QTR.T)

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To: charred who wrote (1643)	1/5/1999 12:35:00 AM
From: Shirley Owen	Read Replies (1) of 2249

It's me again! Still kicking. I just thought you might like to look at an excerpt from the initial exploration that was done on Pico Machay. "The property is underlain by andesitic and dacitic flows, tuffs and fragmental rocks cut by north-north-east and north east structures which appear to cross in the area of the most intense silica alteration and highest geochemical values. Alteration ranges from weak propylitic around the fringes of the system, through alunite silica and silica clay, into more silica with alunite, strong silica primarily in structures and into the center of the system where intense vuggy silica occurs." Sound familiar? Although the surface samples were not as high as the Pierina's, by any means, the alteration similarities to the Pierina, makes me want to see some more drilling done before I'm ready to say it's a dud. It would be nice to see some D.D. holes to get a better handle on it, although I realize it is expensive. I notice that most of the majors use the R.C. as an initial exploration method and decide later whether it warrants D.D. Cheers Shirley

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