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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES -- Ignore unavailable to you. Want to Upgrade?


To: jamesandrews who wrote (803)2/25/2000 4:28:00 PM
From: Elizabeth Andrews  Read Replies (2) | Respond to of 1239
 
Majors do make mistakes but not many. They are called majors because they have producing mines and juniors don't. major look at most properties in the world first as they know where the most prospective regions are and have extensive data bases on properties around the globe. Most showings are too small to attract them. Very few juniors make the leap to mine status and fewer of them stay there.

The original showing on what became Hemlo was a narrow quartz vein that outcropped and had been drilled several times between 1935 and 1980. Majors looked at it and saw no geological reason for the quartz vein to blossom into a mine. The deep drilling done by the Pezim gang was due to the fact that Corona had a large short position and to keep the shorts offside continued drilling was required. Then on hole 76 or so long after it made sense to stop drilling a big zone came in that was not directly related to the original quartz vein. Serendipity?