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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (5664)	12/3/2002 11:05:47 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

Hello Bob, SWG pulls out extremely interesting news. This sampling along tunnels reminds me the early days of Arequipa when tunnel samplings results moved the stock even before drill holes came to confirm the discovery. Arequipa moved to a market cap of $200 miions on this news: "The company has received assay results from the Pierina prospect in Ancash province of northern Peru. To date, assay results have been received on 14 test pits; each averaged over 3m in depth within an area 500 by 150m. The test pits were dug in order to test the main mineralized zone in the shallow subsurface, and to determine if surface enrichment exists. Eleven of the pits were completed in bedrock and three were completed in colluvium. The weighted average grade of the 21 samples from bedrock was 6.84 g/t gold and 31.7 g/t silver, the average of the eight samples from colluvium was 15.40 g/t gold and 47.0 g/t silver. The overall average of all 29 samples was 9.47 g/t gold and 33.8 g/t silver. Assays as high as 43 g/t gold and 155 g/t silver were obtained. Minus 10-mesh splits of the samples were analyzed by two independent laboratories, and the gold results agree by an average of 91%. " But these were the good old days. For sure, it shows that tighly controlled stocks with few shares outstanding can go a long way on good news. This piece of news form CKG press release is also extremely significant but has failed to be picked up by most, I think. "The gold mineralizing system at La Juliana appears to be both structurally and lithologically controlled. Zones of high-grade gold mineralization extend for more than 500 meters along a major north-northwest trending fault. Several rock chip and channel samples taken from pits excavated along the fault, 2 to 3 meters deep, returned gold grades ranging between 13.0 g/t and 77.2 g/t. " stockhouse.com