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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (2636)	7/30/2002 4:38:18 AM
From: E. Charters	Read Replies (2) \| Respond to of 8273

Canada is a healthier place to look for gold, and there is as more of it here than in South America, placer and lode. In fact Canada is richer in gold than South America and its mines larger in size. The veins next to large granitoid bodies in Canada are high temperature, high grade. In fact the vaunted "epithermal" vein deposits, despite their purported size potential, are on the average one million tons only, and usually of moderate grade. (.15 ounces per ton) There are therefore few large gold mines in South America, and the soft alpine rock is a hindrance to drilling and underground mining. They do lend themselves to open pit mining however, if enough of them can be found in one place, a la Yanacocha. "Hyperthermal" vein systems like the Hollinger, and McIntyre, of a combined 85 million tons of almost 0.40 ounces per ton, dwarf almost all epithermal deposits. Even a moderate sized "hyperthermal" deposit, like the Toburn in Kirkland Lake, of 10 million tons of 0.50 ounces per ton, is far larger and richer than most epithermal deposits you are likely to find. If you take into account the effect that the largest epithermal deposits are really no different than the multi-mine gold camps, you see that Timmins Ontario, is larger than any epithermal deposit and it is very near being one large mine in itself. The great thing about quartz vein deposits in Canada is that they are dead easy to find, reporting as they do to large scale deformation zones and being contiguous to ubiquitous quartz feldspar porphyries of different types. It is hellish hard to convince stock holders to invest in them unless like Gold Corp in Red Lake, they are of grade that boggle the mind. Gold Corp's high grade zone reported grades of hundreds of ounce per ton in many holes. You would think everybody and his brother would be up there looking for new Goldcorp's, yet the action is moribund in that camp. And to think back in 1979 I once advised Dickenson Mines to keep exploring out into towards the Lake as no one had done that. They were much too clever. Why waste money. All the gold mines have been found. People who look for placer gold in South America are really often barking up the wrong tree. Most places are far too flat and not eroded by glaciation enough to form good placers. On the other hand, the Peruvians in pre-colonial days mined millions of ounces in placers in the mountains of Peru. EC<:-}

To: Snowshoe who wrote (2636)	7/30/2002 2:53:22 PM
From: marcos	Read Replies (1) \| Respond to of 8273

Any guesses on how long this NazDow rally lasts? ... a week easily, or more, i betcha, maybe to mid-august .... not that it matters really, of course, other than its possible near-term side-effects on the price of gold ..... though i was considering buying a board lot of Mq's qcom, just so i could post to him proclaiming the one toe dipped in the other more shakey side -g- ... Franks's cnj.to looks interesting - stockcharts.com ... doesn't trade much most days, just consolidating today following its recovery yesterday to its 50-day m.a. ... they have one of those flicky-flashy websites, www.cangene.com, it talks to you disguised as an enthused young lady even, but a friend informs that you can get past that to useful information if you have the right kind of computer and know the tricks ..... some of the resource folk follow dmx.to, hopefully for its fundamentals because its chart is f'ugly, but this Cangene has been treated better by Ms Market recently, there may be good reason for that, looks worth looking into .... academic to me as i'm not trading much of anything in observance of yet another Cashless Tuesday