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Gold/Mining/Energy : El Misti Gold Limited (EMG V)

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To: robert b who wrote (365)2/19/1999 8:48:00 AM
From: JAS  Read Replies (4) of 513
 
I have looked at ARP's results to compare because of the hugh increase in share price and Barrick's past offer.
Problem: Why would anyone get excited about 1.61 g/t compared to 55.09 g/t as seen in one of ARP's results? Am I reading this right?

Jim

EMG results

Hole SDH 10: 490 (1,181 feet) metres of mineralized intercept at a gold equivalent grade of 1.61 g/t (Cu equiv. 0.94%).
Hole SDH-5: 495 (1,636 feet) metres of mineralized intercept at a gold equivalent grade of 1.59 g/t (Cu equiv. 0.92%).
Hole SDH-6: 602 (1,850 feet) metres of mineralized intercept at a gold equivalent grade of 1.22 g/t (Cu equiv. 0.71%).
Hole SDH-7: 592 (1,810 feet) metres of mineralized intercept at a gold equivalent grade of 1.36 g/t (Cu equiv. 0.79%).



Previously Reported Holes ARP Resulta

Total Interval From To Au Ag Au
Depth (m) (m) (m) (g/t) Equiv.

Hole 76
340 193 37 230 1.49 55.09 2.592
incl. 41 44 85 2.53 70.34 3.940

Hole 79
312 121 68 189 1.421 56.61 2.55
and 19 241 260 0.72 35.63 1.43
and 7 289 296 0.82 13.71 1.09

Hole 80
300 212 43 255 3.67 47.71 4.62
incl. 144 43 187 5.08 59.36 6.27
incl. 51 43 94 3.455 31.39 4.08
23 94 117 13.94 92.78 15.80
70 117 187 3.35 68.75 4.73
68 187 255 0.696 23.05 1.16
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