Major General--MGJ Message Board

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Gold/Mining/Energy : Major General--MGJ

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To: RMF who wrote (1159)	2/16/1999 10:28:00 PM
From: Steve Joy	Read Replies (2) of 1707

MICAP First of all I will tell you a little about the area that I am from and the Mining and Exploration that has been done in the Springdale Area. In the early 1900's there where two copper mines called the Little Bay mine and the Whalesback mine both produced copper. Both mines are about 20 KM from MGJ's property which host the Hammerdown Rebullion and the Orion Gold Deposits which contain 380 000 OZ's of gold at a cash cost of about $150 per OZ. Which in my mind is great in these low gold markets as it makes the deposit look attractive to Companies looking for high grade reserves at a low cash cost. Also the base metal property that is joined to the hammerdown property but is never mentioned and as everyone in the Springdale area knows that this area has alot of potential for both base metals and gold. For geoglogy it is mafic volcanics and felsic volcanics which hosted the Buchans Mines in Central Newfoundland. It produced 16.2 million tons Grading 14.51% ZN 7.56% PB 1.33% CU 1.37 G\T AU and 126 G\T AG also is Richmont mines has the Nugget Pond Mine that is being produced now on the Baie Verte Pennsula at a grade of .32 Oz's per ton and they are doing very well for them selfs. The reason I am a shareholder in MGJ is because of the fact that they have this gold deposit as a backbone that will support this company and all of the other properties are extra in this crazy world of investing in junior mining companies. One could say you will never become a Millionare from there stock but You will never lose a million either. The other reason I hold the stock is because of the fact I have done work for MGJ in Springdale and Greenland and have seen how they operate. In fact I have a rock sample from the hammerdown that has VG's shining in my eyes right now as it is placed on my desk right here in Edmonton Alberta. They are very good at exploration, they always seem to have properties in the right places and sooner or later it is going to pay off for us. As for the diamonds in NWT or the Base metals in Ontario it is all Extra That is why I say it is a great time to get your hands on some CHEEP MGJ stock. Ya gotta buy it when Nobody wants it, that is how you make the real easy money. P.S Re donner I know people in the right places that is why I said it was dead. But I still think there is a possible chance of them hitting something this year who knows anything is possible I hope I have been some kind of help to you and sort of reassured you that things are going to get better as it gets closer to feild season. Good luck to you all Stephen Joy joysc@telusplanet.net

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