IDCN - gold, garnet, etc. Message Board

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

IDCN 0.00001000

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Nov 7 9:30 AM EST

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To: C who wrote (5598)	3/29/1999 7:54:00 PM
From: JimNewby	of 5908

Here's an update from Merv (reposted from RB thread): By: Merv Reply To #1029 by haykos Monday, 29 Mar 1999 at 6:06 PM EST Post # of 1041 I'm impressed with the amount of mineralised material and quartz that have been reported in the Sunday update. These numbers are indicating an ore body of excellent width, and probably grade, that could be mined from underground by mechanized means (either sublevel retreat or block caving) very easily. With all of these veins in such a short interval indicates a stockwork system similar to that mined in the old Seal Harbour mine located 4 km to the east. Here stockwork systems were mined at widths up to 40 feet during the 1930's and early 40's to a depth of 700 feet. The depths of these intersections (about 400 meters) would be best exploited by means of a shaft as haulage via a ramp system becomes expensive after 200 meters. Sinking a production shaft is an expensive proposition however, as it costs appromimately $2500 per foot to sink a standard timber lined 3 compartment shaft plus the cost of ancillary equpment (headframe, hoist,ect). Before this amount of money can be justified a lot more drilling (and probably underground work) will have to be done to define and block out the ore for proper geologic and engineering studies on how to best exploit this baby. I am eagarly awaiting assays so we can see how things tie togeather. As for the drill, I said before it is a tired old machine but I am sure it can drill to +1000 meteres if core size was reduced to BQ. This is standard practice in the industry unless you are drilling with a large machine. The slowness of the drilling indicates that there has been a lot of quartz flooding into the rock making it harder than usual, it is also a harbinger that the mineralisation is widespread. I did make it to the site on Sunday but the drill was down for a bit change and Doug was pretty busy and I only got a chance to talk for a few minutes. If possible I'll try to get back this weekend. Merv PS: Thanks for the vote of confidence Haykos!

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