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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (3733)	7/21/1999 10:40:00 AM
From: Dave R. Webb	Respond to of 4066

Doug, I think what you should see in the Russell Lake deal is a property both FT and MGR like. FT was under no compulsion to do a deal, but I think that they appreciate the property being developed, and little risk to them. MGR likes the property, and can extrapolate what might be their from the very limited work that has been done. Perhaps FT sees something else. It's been said that if you put 2 geologists in a room with the same information, you'll end up with at least 3 different opinions on what the geology means. I think that the geology on the Russell Lake Property is excellent. The felsic volcanics in the area have been known to host copper-bearing breccias and fracture zones. The felsics are over 15 km (9 miles) thick. Work done in a government-funded aeromagnetic survey in 1961 picks up some pretty significant anomalies. The area of the Property was shown on the early government maps as granites, and it hadn't been mapped since then. It was picked up by FT during a review of adjacent properties, following-up some gossans that were spotted from the air. Gold isn't leached from the weathered surface rocks, whereas the copper and zinc typically are. Farallon resources put out a news release on Campo Morado a few weeks ago dealing with exactly this point. The gold values are very good on surface, and surprisingly, there was very significant copper and zinc values remaining. Once a geophysical survey isolates the "best" drill targets, the Company intends to test the "fresher", unoxidized massive sulphide. The upside is substantial copper, zinc and gold values, the downside is "just gold" Dave

To: d:oug who wrote (3733)	7/25/1999 3:14:00 AM
From: d:oug	Read Replies (1) \| Respond to of 4066

off topic - Space Above and Beyond With the USA folks in space, with a woman in charge, and if anyone has teenage daughter(s) wanting to do a highschool science project for when school starts in the Fall, then from the TV Discovery Channel Web Site. X-RAYS OF THE UNIVERSE. After much delay, the mission that promises to show us our galactic neighborhood like never before is now underway. discovery.com SEE THE MILKY WAY IN FIVE DIFFERENT PERSPECTIVES. X-ray, gamma ray, visible, infrared and radio vision ... it's all in how you look at it. discovery.com Copyright © 1999 Discovery Communications Inc. Also, this is good weather.com but this one looks more high tech intellicast.com for those flying their own aircraft. Doug