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Gold/Mining/Energy : cancor mines
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To: matt who wrote (7)4/15/1999 10:17:00 AM
From: Midas  Read Replies (1) of 66
 
matt:

Spoke with a company representative this morning to confirm rumors that the latest hole hit a 23 m intercept of massive and semi-massive sulfides on their property. I was told that this is correct and that there would be a press release today or tomorrow with the results. When I pressed him about the results I had heard (8 to 10% Zn, and 1 to 1.5% Cu over 13 m), he did not deny the rumor. When questioned about the orientation of the drill hole, I was told that the intercept is close to true width.

It looks like this junior company may have itself a mine.

Midas

PS. If the results are similar to those obtained in previous drilling, there will also be ~200 g/t of Ag and 1-2 g/t of Au in this intercept.
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