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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?

To: geoffreycs who wrote (4274)	6/28/1999 9:08:00 AM
From: Chuca Marsh	Read Replies (1) \| Respond to of 5143

What MGAU has is three distinct GOLD prospects, ONLY ONE a Cinder Cone...one a DD and one a Standard half OPT stuff below the Marble Quarry that they are excavating down towards the gold layer and actually MAKING money doing it in shipping out to as far away as the Mid West USA...AZ Pink Marble. As for the Cone Stuff, that is a play on a huge Gold deposite with some extraction newly improoved and tweeked from over 5 years of testing. They have so many assays via leach on file it is a cse that they have PROOVED that the METALS are there yet they must now upscale and refine the extracting mode of this phase. I equate it to the supportind data at Birch Mountain and Maxam Gold who BOTH had news releases last week, have you read them? Do you need some take a step backwards interruptrations, such as BHMNF/BMD /MXAM has proven to me and the powers that be that several check samples that are hi-tech scanned show that the maetal are infact there! RE: Part: BMD-BHMNF: fire assay results showing significant platinum and gold enrichment of 2.2-4.9 grams/tonne and 0.2 grams/tonne, respectively, over a 1.6 metre interval in drill hole 11-7-AE-96-10W4. To test this intersection, late in 1998 Birch Mountain drilled four vertical core holes within 100 metres of drill hole 11-7-AE-96-10W4, including a six inch core hole drilled less than 3 metres from the original collar location. Standard fire assays of core from the four drill holes were conducted by Bondar Clegg, North Vancouver, B.C., using their method FA-56. No anomalous precious metal concentrations were detected in any of the four drill holes. This contradicts results first obtained by Syncrude Canada Limited and later confirmed by Birch Mountain for the interval 72.0-73.6 m in drill hole 11-7-AE-96-10W4. These contradictory results can not be explained at this time. Birch Mountain considers that the results of scanning electron microscope (SEM) examinations of rocks from Alberta and Manitoba, which document the characteristic Prairie Gold mineralogy and were conducted by at least six independent parties, prove conclusively that platinum, palladium, gold and silver are present in anomalous quantities in these rocks. Despite exhaustive testing of established precious metal assay and recovery procedures by various parties including Birch Mountain, a reliable procedure has not yet been developed which yields results corresponding to those confirmed by SEM and electron microprobe. Logically, therefore, the inconsistencies inherent in precious metal determinations reflect inadequate analytical methodologies, not the absence of precious metals. To resolve the issue of analytical methodology, Birch Mountain has embarked upon an aggressive program to elucidate the fundamental underlying physical and chemical controls on the nature and distribution of precious metals in our sedimentary rocks, and to develop analytical procedures for accurate and precise determination of the precious metal concentrations... Maxam Part: ...