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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (22200)	7/15/2000 9:48:49 PM
From: john	Respond to of 34075

Guido's report, I have just quickly glanced at the 1997 Guido Paravicini report. It is dated january 20 1997. Any thing in bold is a direct quote from the report. At first glance Guido has come up with........... indicated resource of 60,771,704 troy ounces of gold and an inferred resource of 111,414,800 troy ounces of gold It appears there were 107 samples used to determine the above figures. There is a note in the sampling section that samples U-9 to U-11 were not used in the calculations thus I conclude he used 104 bulk samples to determine the above resource calculations. The samples were taken in the field and assayed by Inspectorate Labortories, a well respected international assaying lab. Each sample weighed approximately 1Kg. and was separately panned. Thus from my observations 107 Kg or 235 LBS of samples Guido has concluded some pretty staggering numbers. I am going to give this report to a Geophysicist friend of mine to go over for a more technical comment. I have discussed the above with this person on the telephone, and was told if I was giving them the correct information from the report he felt the conclusion should not have been drawn. Having said that though lets wait and see the comment after they have the chance to view the total document. It becomes apparent when these resources are confirmed as reserves, which I believe is just a matter of carrying out a more detailed sampling program and applying currently-used cyanide leaching technology in testing the recoveries, the claims under the control of Golden Eagle's subsidiary will produce one of the most exceptional, world class gold deposits known Sounds like Guido is suggesting more sampling.