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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Daniel M. Whipple who wrote ()2/4/1997 5:29:00 PM
From: ddl   of 35569
 
"Executive Summary"! It's a BIG page.

This is a tabulation of 2,251 assay results. Simple averages were
applied throughout and all averages are based on all the representative
assays for that particular section. Some holes never reached 100',
therefore there are not 121 x 20 = 2,420 assays.

Cross Section (Top to Bottom) at every 5'
Depth Au. 1/4 Ave 1/2Ave
5 .046
10 .042
15 .038
20 .044
25 .042 .0424
30 .043
35 .045
40 .044
45 .047
50 .040 .0441 .0433
55 .044
60 .048
65 .044
70 .044
75 .045 .0449
80 .041
85 .049
90 .041
95 .042
100 .041 .0427 .0439
Overall .044
Appears to indicate slightly heavier minerilazion between 25' - 75'.
Overall variations = 5%.

Looking at the grid south to north from bird's eye view (line #1 is
the 11 holes at the bottom of grid).
Line Au 1/2 ave.
11 .041
10 .038
9 .042
8 .041
7 .044 .0411
6 .046
5 .048
4 .039
3 .040
2 .042
1 .058 .0457
This appears to indicate an average of 10% more mineralization in the
southern half of the grid. You think their shacks might be sitting
on the motherload?

Again, soarring like and eagle, going east to west (right to left,
Line #1 is east)
1 .044 1/2 ave.
2 .045
3 .048
4 .040
5 .043 .0439
6 .041
7 .045
8 .048
9 .043
10 .043
11 .039 .0433
Pretty consistent across the grid.

8 holes average less than .029, 8 holes average greater than .06, 105
holes average .029 .. .060. The high ones are all over the grid. Hole
148 = .017, hole 147 = .068 (next one over)!

The Pt results are very similar to the Au assays and range from .024
to .204. Hole #183 = .027, hole #181 = .204 (2 holes away)!
If anything, this tells me that this 1 sq. km is in the middle of
something bigger with reason not to believe it extends sideways and
downward. The downward is very interesting as each 100' doubles the
ante. The length of my lot! Bedrock is what, about 350'?

Now we're going to the big mill. 50lb bags passed the test. I forget
his name but someone at Diamond fields quoted his friend the chemist
saying that there is no reason why the big mill can't be controlled
like the bench tests.

My question is, what's the holdup here. BD's sign off? Is IPM
shooting their mouth off too much or too little? Cnd regulators?

If the big mill works, then who cares about assays, right? The end
justifies the means. Any comments CL?
Enjoy - Denis
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