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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST

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To: Cytotekk who wrote (15825)1/22/1999 10:42:00 PM
From: Semyon Kuretsky  Read Replies (1) of 34075
 
I'm a long term MINE shareholder since Doug Lapp started MINE
thread on AOL and I read 8k where MINE first published their indicated resources. I believed then and believe now that gold is there... Unfortunately the management made many mistakes since that time...
Still hoping that we will see better days...
Meanwile I would like all of you to check out IGCO thread (I started
awile ago). IGCO is sitting on a unique volcanic deposit in the heart of US, Idaho, with a huge potential.
Company well financed( 5mm by European Group) and is in the middle of Phase I of drilling program of an area
of 19,000 linear ft or 500 mm ton of core drilling. Each core hole represent 13 mm ton of ore. 9 core holes are completed and all of these holes show almost the same result. Such homogeneous mineralization and consistency had not be known in the history of geology and mining. The results consistent throughout the core from the surface all the way to a 500 ft depth.. in each hole.. The average result so far 0.09 oz /ton
according to my calculation we already sitting on 10.6 mm oz of gold
also there is substantial amount of silver that can complement recovery cost. the water table is below 500 ft level which will
allow open pit operation.. and reduce recovery cost. Unmatched consistency of the mineralization also has to reduce recovery cost which is rumored to be around $145 - 120 (not verified)
all the drilling results are verified by an independent lab and also verified by Dames & Doom (world known consulting firm)
Company is very careful in releasing any info and only all drilling results are published on a regular basis.
In early drilling releases IGCO also published extraction rate results
that turned out GREATER than fire assay results by a factor of 1.3 - 1.5
When Phase one will be completed(in about 6 month) and reserve proved, we could have about 45,000,000 oz of gold + silver + low recovery cost..
Stock is trading for a $1 now presenting a golden opportunity..
You all invited on the IGCO board.. Do your own DD and let's talk about this exciting prospect..while we waiting for the MINE to wake up..
Happy investing !!!
Sam

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