Major General--MGJ Message Board

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Gold/Mining/Energy : Major General--MGJ

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To: Brian Fowler who wrote (1308)	5/19/1999 9:03:00 PM
From: Gord Bolton	Read Replies (1) of 1707

"Drill hole DES99-17 encountered a 21.3 metre interval grading 6.42 g/T gold which includes two higher grade zones grading 25.91 g/T gold (uncut) over 3.1 metres and 6.98 g/T gold over 5.3 metres." Maybe we need to translate that. Drill hole DES99-17 encountered a 70 feet interval grading .2 ounce/T gold which includes two higher grade zones grading .83 ounce/T gold (uncut) over 10.23 feet and .22 ounce/T gold over 17.5 feet. The zone is huge. It is open at depth and at least 2.5 kilometers long. This entire zone is ore grade material and the .83 ounce section is one nice sweetener. Cameco is the operator. They are a well experienced and financed major mining company who produce >1/2 million ounces of gold per year. Cameco is also one of the worlds larges producers of Uranium. cameco.com This is not a standard VSE pumpty dumpty. This is a potential 5 million ounce deposit and will become a large profitable mine. In a week or two all the analysts will be scrambling to get their clients in. If you were snoozing on ARP till Barrick put in the $4.00 offer, this is your wake up call. Take a hint, they staked more ground on strike. I cannot believe that this made a little blip and then MGJ settled back into it's normal trading range while also waiting for a mini bulk result on a highly diamoniferous pipe. MGJ will see at least $3.00 in the next three months.

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