Queenstake Resources (QTR.T) Message Board

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

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To: Shirley Owen who wrote (1653)	1/5/1999 2:05:00 PM
From: charred	Read Replies (2) of 2249

I agree Shirley. If this system is similar to the geochemistry of Piernia, I agree the property needs much more work. As I said there is gold in the system. What they are saying is that the system has vuggy silica centered around the cross cutting structures where quartz - alunite alteration surrounds the vuggy silica. This is a typical alteration assemblage. The source of the mineralizing fluids would be the structures. What they need is a nice porous unit cut by these crosscutting structures where fluids can spread laterally throughout the unit giving it a higher tonnage potential. The Piernia Mine has a nice porous unit which makes it a world class deposit. Flows are not porous. The Barrick property is the one to watch. They have better geologists than Newcrest. Plus Newcrest is cheap.

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