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Gold/Mining/Energy : Madison Enterprise, MNP/VSE

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To: Dan P who wrote (197)	2/2/1999 2:53:00 PM
From: mineman	Read Replies (2) of 285

Hole 146 was drilled 85 m. east of hole 5 (68 oz gold, 20 oz sil./4.5 m) - finished Jan 16 - core in for assay - "(hole 146 has) course crystalline gold which appears to be related to the same structure which hosts the bonanza-grade gold encountered in hole 5." (from MNP Jan 20 news release) If gold grades of 146 are like 5 it means a possible bonanza zone 85 m. long X 3 m. wide X 80 m. deep OPEN IN ALL DIRECTIONS!!! = 50,000 tons X 30 oz gold/ton = 1.5 million ounces gold. This would be just like Porgera's high-grade quartz-roscalite ZONE VII !! Conclusion: If hole 5 hits (and news-release already said it did) then the property is a mine !!

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