MILL CITY MIY-V Message Board

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Gold/Mining/Energy : MILL CITY MIY-V

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To: RMF who wrote (483)	6/4/1999 12:16:00 PM
From: VAUGHN	of 707

Hello Micap Susan effect? Yes, 65+++... accumulating on the dips. The problem is SUF's reluctance to report even modest success and their contractor's (High Sense's) errors and failure to complete their airborne geophysical processing long before ice out. Result, the deep lake and off shore targets will have to wait for next year's ice. Inshore and land targets will be pursued this summer. Expect the Ptarmigan and T-10 drilling results in the next few weeks. Don't be too surprised when they come back with economic numbers. Initial testing was wholly inadequate as only a small sample of one phase was tested and geochemistry is suggestive of economics. Remember, the Ptarmigan is a huge pipe by NWT standards. I suspect we will be two pipes closer to a mine when the news comes out. Speculators are exiting as if the spring has ended progress on this play. That simply is not the case. As I have stated, this story will not be over for some time to come. Regards

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