Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: wtfigo who wrote (80)	8/10/2000 7:36:50 PM
From: zebity	Respond to of 99

Barramundi Gold - Longline News Snippet. Barramundi Gold Ltd. - Announcement Vancouver, BC Barramundi Gold Ltd. (BAM:CDNX - ``Barramundi'') has received all assays from the latest drill program on the Longline gold property, Yukon, conducted pursuant to the agreement with Newmont Exploration of Canada Ltd., a subsidiary of Newmont Mining Corp. (NYSE:NEM - ``Newmont''). Barramundi and Newmont have spent in excess of $1,000,000 on exploration at Longline since the agreement was signed in August 1999. The latest drill program consisted of six diamond drill holes with a combined length of 1753.5m. The first hole of the program, LL-00-1, tested a coincident induced-polarization (IP) geophysical anomaly identified in 1999 and the down-dip extension of the high-grade gold-bearing V3 quartz vein. The hole was collared 120 m east of the surface exposure of V3 and intersected two gold-bearing veins, 15m apart, near the depth projection of V3. Both veins contained visible gold. The uppermost vein assayed 2.21 g/t gold over 0.20m whereas the lower vein (probable V3 extension) returned 5.36 g/t gold over 0.31m. Also intersected were multiple 10 to 20cm zones of anomalous gold-bearing sulphide veins with associated strong sericite alteration. Five of the six holes were drilled in the ``141 Zone'', a 3 km x 8 km arsenic ( gold, silver, bismuth and antimony soil anomaly. The 141 Zone is located north, along strike, from the known gold-bearing veins (V1, V2, V3). These widely spaced holes (1-2 km) tested anomalous soil geochemistry coincident with structural zones interpreted from detailed airborne magnetic surveys. All holes intersected multiple intervals of quartz-sericite-carbonate alteration as haloes around arsenic, lead, copper and bismuth sulphide-bearing veins. Two interesting intersections from LL-00-6 include 0.64 g/t gold and 936 ppm bismuth over 0.20m (at 185.55m) as well as 1.08 g/t gold over 0.20m (at 227.70m). A drill hole location map will be posted on the Barramundi website. Based on all geological, geophysical and geochemical data accumulated to date, Barramundi is preparing a conceptual model outlining the potential for deeper targets in this highly prospective corridor of the 141 Zone. FOR MORE DETAILED INFORMATION, PLEASE CONTACT: Mike Johnson Phone (604) 681-7136 President, CEO Fax (604) 681-7120 Barramundi Gold E-mail mikej@barramundi.com Vancouver, B.C. Sandy Sears Phone (604) 681-7136 Project Manager Fax (604) 681-7120 Barramundi Gold E-mail sandys@barramundi.com Vancouver, B.C. The Canadian Venture Capital Exchange has neither approved or disapproved the contents of this release SOURCE: Barramundi Gold Ltd.

To: wtfigo who wrote (80)	8/10/2000 8:02:54 PM
From: zebity	Read Replies (1) \| Respond to of 99

BAM Geological Interpretation Required Peter, You are right there needs to be a release of the information in a form which has undergone geological interpretation. If BAM management is concerned that this may be missleading then they simply must make such assumptions and interpretations clear. They should state what the drilling is targetting: the hypothesis, and whether this has been proven, invalidated or inconclusive. An example would be from the previous drilling, where I think the aim (this is extremely speculative ;-) ) was to see if the intersections over two widely spaced drillings areas were hitting the same geological feature (ie type age etc). This would then indicate that the feature must be continous from A to B. This information is more important than the actual gold content in terms of mine design. Currently BAM have not released a simple statement that says something like: "Newmonts drilling has confirmed that there is a single continuous geological feature going from A to B of thickness X and the intersection so far indicate that this feature has gold content in sufficent quantity to be a viable production mining target. However it needs to be understood that only less than 1% of the feature has been sampled at this stage and so the next step in out drilling program will be to perform further samples to qualify this." Simple hey ;-0 . Come on BAM you can do it ... give us non-geologist a chance of supporting your endevours. Give us information and plans that make sense. Cheers. Zebity