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To: SWW who wrote (712)	8/18/1999 12:50:00 PM
From: Mike Gold	Respond to of 958

"Do you know if the phase I drilling program is just going to tag the top of the intrusive or try and close the structure at depth?" That is an interesting question. Sounds like they have limited themselves to 1300 meters of drilling. At Lipangue-from what I can piece together-the top of the intrusive(porphyry deposit) lies between 300 and 600 meters down-I would expect a similar depth at Lobo as well.(It maybe exposed however-at lower elevations on the cliffsides.) This does not leave them with much room for error. They will be lucky just to outline some of the dimensions of the breccia pipe with this limited program. Assuming the geology is similar to Lipangue(Dip/Strike of minerlization)-they may be able to use this information inconjunction with the IP data to more accurately locate the initial drills hole-ie getting the best bang for the buck. At most-we might see one hole in this go around into the intrusive. Cheers.