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Gold/Mining/Energy : Rock Resources
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To: Mike Gold who wrote (950)3/16/1999 10:07:00 AM
From: the Chief  Read Replies (1) of 1996
 
I have addressed this to Mike so that he can check the data again!

My feelings on RKR at this point are:

1)In the next three days we will receive IP data results. The rumour is that they will show an anomaly that is 1km x 1km x at least 300 metres. The anomaly is rumoured at surface.
2) The negotiations with the BC Gov are ongoing and have not been delayed because of the political leadership problems. The resolution passed by an order in council is "the law" and a politicians problems does not impede due process. Remember...the reason the order in coucil was passed was to remove the approval of parliament from the settlement process(as I understand it)
3) I am a little surprised by the Outstanding share jump but if the data is as good as I have suspected for along time, then people who had warrants are no doubt exercising them. (more money in the bank)

I am not trying to "rosey" up our situation here. I have not sold any shares and I don't intend too. Everyone can do as they wish I have stated that I am into this one for the potential of the property and the chance at a BC Gov claim.

If the anomaly is fully mineralized then this deposit could be
1000 x 1000 x 300= 300,000,000 cubic metres

Porphry ores are typically 2.3 to 2.6 g/cm3. This would mean that each cubic metre of ore weighs about 2.3 to 2.6 tonnes.

Taking the lowside...and you have 300 million x 2.3 = 690 million tonnes of ore "potential" assuming a low 1% copper content and that means 13,800,000,000 lbs of copper with gold credits that may be significant.

So lets reduce the optimism even further...lets just say the anomaly is only 50% mineralized...thats 7 billion pounds of copper with gold credits.

Lets fantasize for a moment and assume good gold discovery?????? I don't mind waiting for results.

Remember....we only have done an IP on the existing visibles...we still have a huge piece of property to explore!!

I will try to get an accurate update after the PDAC from management and let you know whats going on. In the meantime my bet is the anomaly is dimensionalized as I have stated. Anyone else care to guess for the record??? If my prediction of dimension is accurate try to find another deposit in Chile (or anywhere else in the world) that has another anomaly just as large...thats the interesting part about this property. Also remember that IP's are generally limited to about 300 meters in depth...limitations of the equipment!!

the Chief
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