Idaho consolidated, IDO listed on V.S.E. Message Board

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Gold/Mining/Energy : Idaho consolidated, IDO listed on V.S.E.

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To: dean poets who wrote (54)	5/21/1999 9:10:00 PM
From: G.T.	Read Replies (1) of 112

Pump and Dump ? Maybe, Maybe not. GA has picked up and is working on a magnetite plug that the GSC report said warranted further work. The company did it's own due diligence and found out that an oil company found gold in a conglomerate above the precambrian basement only 2.5km away from the magnetic plug. The geologists report stated the gold was cemented with pyrite and magnetite. Since the magnetite plug is only 2.5km away the company believes the plug is the source for the gold. The question outstanding is does the plug have economic gold or copper values ? The size of the plug is 1.5km in diameter and these plugs have vertical extentions of up to 1,500m. If the first hole is economic you would have to pay a lot more than 60 cents. The tonnage is hugh for this at least 200 million tonnes but probably closer to 500 million tonnes. IDO has a different problem, they have to convince the public that the properties they picked up are no more than Stillwater's worthless claims. Only ground work and drilling will turn this current belief around. I think the company got a great scoop and will find economic grades when they drill in the fall.

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