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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (13876)	10/13/2000 12:34:25 PM
From: russwinter	Respond to of 14627

It is going to be very tough to reach the two and half to three million threshold, although costs could still be OK since everything is right at surface. Correct me if I'm wrong, but here's how I see it: The upper sandstone tests along and near the 8313800 fence were OK especially given that the surface samples there were typically just 1 to 3 g.: 1 was 38m @ 2.37g, 2 was 32m @ 2.71, 12 was 50m @ 1.8g., 11 was an excellent 16m @ 5.42g and 13 (just south of that fence) was 40m @1.20g. 3,4,5,6, and 8 were middle sandstone tests and all missed. The 8313600N fence was really disappointing given that this was where the better 3 gram plus surface and high grade tunnel samples were. They also went after the upper sandstone there: 7 was only 14m @ 1.39g, 14 was 12m @ 2.2 g, 15 had drilling problems, 16, 17, and 19 were 10-14m duds and under 1.0 g. 10 was an encouraging grade @ 4.43g, but only 24m, and 18 with 32m @ 1.42g was very average. What's left? Well, the south zone supposedly has thicker sandstone layers, but the surface samples there were not impressive. Worth drilling a few holes I suppose, but not hopeful. The northeast zone with a wide band of 1 to 3 gram surface samples is definitely worth a shot, but we need some real makeup results there, not just more 20m, 2g returns. To me it is very ugly that even the upper sandstone hasn't delivered. A wild card might be a reset of the option price (half off sale?).

To: hank2010 who wrote (13876)	10/14/2000 1:16:13 AM
From: charred	Read Replies (1) \| Respond to of 14627

Earth to Hank come in please. PFG's promotion said 1 million ounces per 20 meters vertical. This was based on an area of 1800 X 250 X 300 meters. Don't you get it, they drill the best zones. They will be lucky to get a million ounces. What don't you understand?