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Gold/Mining/Energy : Corriente Resources V.CTQ Junior Exploration Co. -- Ignore unavailable to you. Want to Upgrade?


To: Ontherise who wrote (1386)5/4/2000 3:17:00 PM
From: WillC  Read Replies (1) | Respond to of 1416
 
Kevin,

I did pass both of the kid's newsletters on ( I'm assuming he's young and right out of school as only youth could explain such arrogance). They agreed that the first one was filled with inaccuracies and yet it caused a lot of selling.

I received further clarification from Fieldgeo which I'll post here as well. Intelligence is at a premium when it comes to geologists assessing this play so let's take advantage of all we can get. He responded to some of my questions.

Question.

What do you think of people giving an average grade based upon the 16 holes of this scout drilling program? And do you think that it was fair to tally reserves from such a limited program and recommend selling based upon this?

Answer.

As you know this is just scout drilling to test several targets over the next several months to see which ones are going to get the real drill programs. That said I find that the scout holes a bit too close together. I would have preferred to see spacing of 200-300 metres to test the whole anomaly. But Lowell knows what he is doing. If they covered this anomaly with drill holes the majors would be knocking down the CTQ doors to get in on this property. As mentioned in other posters posts this is only one of 6 to 8 targets. I am certainly not selling on this information, which I find to be extremely encouraging and minimally the discovery of a new copper district in South America.

Question.

Do you see the potential here for a 100 tonne plus deposit of over 1 percent?

Answer.

Although I have not yet opened up a spreadsheet for a detailed look at this data, 100-200 Million tonnes is realistic for this target as a nucleus to startup.

Question.

I hope you don't mind, but I'm going to post your assessment at Silicon Investor as there are people over there trying to understand this moly-copper relationship. (I was thinking of you Kevin)

Answer.

This moly adds really good credit. The down side being that when there is lots of moly there usually isnït lots of gold.

I've been out of touch with CTQ for a while, but maybe you know if one of the IR folks have mentioned a possibiliy of copper oxides associated with the mineralized zone???

FG.