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Gold/Mining/Energy : Major General--MGJ
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To: Steve Joy who wrote (1187)3/14/1999 8:32:00 AM
From: Brian Fowler  Read Replies (2) of 1707
 
Steve;

The property is located approximately 85 kilometers due west of the Hemlo gold (20 million + ounce) deposit.

While exploration in this area dates back to the turn of the century, the first recorded exploration occurred in the mid 50's. The highlight of most of the work from '55 - '90 was a copper-bearing zone that assayed 1.4% Cu, 2.5 meters wide and traced along strike for 100 meters. The mineralized zone sits within a much broader zone
of sodium depletion that is 800 meters wide and 5 kilometers long.

MGJ traced this sodium depleted zone further west this past summer. This altered package of rocks appear to thicken and increase in intensity west of the known copper zone.

MGJ hired some prospectors from Thunder Bay to explore the property last year. They found a new showing 1.5 km west of the copper zone. This new zone (dubbed the Starhill Zone) returned values up 10.4% combined copper-lead-zinc, 101 gpt silver and 0.87 gpt gold. The new zone measures up to 25 metres wide by 400 metres long and is open in all directions.

MGJ feels that the Starhill Zone may be located on the eastern flank of a large felsic volcanic center that has been subjected to intense hydrothermal alteration.

They have a VERY aggresive exploration program planned for this summer/fall. I expect very good results from the property this year. I know that they have turned down several offers from the Majors already, wishing to keep their 100% interest in the property for at least the first round of work. Several hundred claims tying on to the property have been staked by local prospectors since they reported their discovery.

Hope that helps.
Brian
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