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Gold/Mining/Energy : Delgratia Mining (DELGF)
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To: Ron Pitts who wrote (38)3/2/1997 11:45:00 AM
From: Randy Giese   of 532
 
Ron, we already know the Nevada property has potential but I'm sure the lurkers want an evaluation of the initial drill results. I have very limited knowledge so hopefully someone else will post a more informed opinion.

The most important question was whether the numbers would be consistent all the way down to full depth. The geophysical work done prior to drilling led them to believe that 1 g/t was consistent at the surface throughout the anomaly. Now we know it exists all the way to 1100 ft in a few places at least.

Also, its important to note that this is not a complex mineralization like the "desert dirts" that are starting to get attention these days. Supposedly, its just a fine gold deposit in a sand base. I think this is good as there are no PGE's to complicate matters. Also, there should be a very rich source of gold somewhere in hard rock that was responsible for this type of deposit.
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