IDCN - gold, garnet, etc. Message Board

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Microcap & Penny Stocks : IDCN - gold, garnet, etc.

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Nov 7 9:30 AM EST

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To: Gordon Gekko who wrote (5452)	3/11/1999 8:43:00 AM
From: Harry_Behemoth	Read Replies (2) of 5908

Web page update: Pending Assay Results Hopefully this will clarify the coming assay results on the boring being done at Isaac's Harbour. Core samples are being taken to provide us with geology. This is critical to formulating a plan that will ultimately culminate in a feasibility study, leading to a flow sheet solution for the milling operation of our mining claims. A great deal of unknown information exists beneath the earth that can be revealed in part by taking core samples. We have that process started and the geology coming out is invaluable to our future there. At one point we said 'expect results no less than last summer'. We then learned that none of the high-grade samples were submitted by our people, and for good reason. The purpose of this sampling was never to discover gold. We are not prospecting this property; rather we are developing it. This preparatory work is very necessary and will hopefully lead to an operating mine. We bought the original property because it does have gold. This is an historical fact. 48,000 ounces we were told had been mined there. We bought surrounding properties after taking our own samples from quartz veins last summer. The documents we had when we purchased the original claims indicated dozens of samples over 2000 grams per ton. This was too huge to publish and the work was ten and fifteen years old. So we sampled ourselves in July 1998 and have published results of around 200 grams per ton from trenching right up a vein. Since then we have discovered documents from the 1890's that show bank receipts for gold shipments over 150,000 ounces. We have charts from that era of the underground workings complete with track layout and vertical shafts. The veins they were chasing are all marked and coincide with the geology we are getting from the core samples now. There are very serious gold bearing quartz veins at Isaac's Harbour. We published last July that we would drill and take bulk samples. The drilling is necessary for geological purposes as mentioned above. The bulk sampling will give us a clear picture of just how much yield we may get when mining the property. The High-yield nature of the quartz veins averaged in with the low-yield surrounding rock will be run through a mill circuit and the results will be studied for efficacy and yield. We may have to use other methods for extracting the minerals. We have a small portion of the first hole in for assaying and it does not include any of the visible gold nor the high-yield quartz vein sections. We know what they can yield. We need to know what values are present in the greywacke and the other country rock that contains gold and other sightings. Only a large bulk sample will provide the proper assay we need to proceed with a flow sheet of production. On strike with our property, directly across Isaac's Harbour inlet is the Orex property. They started developing in 1986 and then leased to Placer Dome whom terminated their lease in 1996. They ran into certain problems with their drilling results on this site known as the Goldboro property. It is a very interesting property but it is fraught with assay problems that were recognized as far back as the late 1900's. Then it was noted that conventional assay methods could not accurately gauge the grade of the ore. The only method would be to take large bulk samples and run them through a mill circuit to get accurate numbers. The underground-drilling program carried out by Orex in 89 and 90 where 108 holes were drilled and showed only marginal results again proved this problem to be persistent. When two relatively large samples were taken far different results were shown. Two slashes were taken on representative veins on the 125 and 250-foot levels in the ramp. From these, 200 1kg grab samples were taken. These samples were assayed by conventional Atomic Absorption and fire methods returning results of not greater than 1.6 grams. The remainder of the material, 5 and 6 tons respectively were then processed at the Lakefield Research pilot mill by gravity con and cyanide leach giving a final grade of 4.8 and 5.2 grams. As for the Placer story in Goldboro, internal politics in the company killed the project as the then and current exploration vice president was always against this project and would release no further money to carry out metallurgical testing on the property. The Isaac's Harbour district is an area of vast potential in view of what has been produced historically and also knowing that no modern exploration has taken place in this area other than the drilling carried out by Scotia Prime in the area of the old Seal Harbour mine in the late 1980's. The Seal Harbour Mine is located 3.5 km east of our project site and lies on the same structure reachable from the south side of Hurricane Point Island. The Orex/Placer Dome site is located adjacent to the new Sable Island gas pipeline project. Recently during the construction of an access road to the Sable gas plant site a package of veins were cut measuring at least 70 meters wide and carrying an alteration halo of almost 200 meters consisting of sulfide mineralization and quartz flooding, this vein package was previously unknown. In the central portion of this package arsenopyrite levels reach 10% locally and they found 6 specimens of visible gold while examining this area. In addition, this property contains the past producing Skunks Den, Mulgrave, Goldfinch, and Victoria mines which are the eastern continuity of our North Star and Hurricane Point Mines. We believe we have a property here with very high potential to provide a high grade/low cost operation if proper procedures are followed. Indocan Resources will spin-off the Isaac's Harbour properties into its own public company. The sum of the parts is greater than the whole.

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