Al, I would like to PICK ETG this week ENTREE GOLD and can you read the TA for me ...on IVN and QGX also? Many Thanks: I just posted at Stockhouse as to the reason see WEBSITEs:
SUBJECT: RE: Say DIRT CHEAP again- WHYs is below: Posted By: chuckalau
Post Time: 2/8/03 20:36
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QGX at 13.6 Million Shares at say $1.22 16 fold more bang for the bucks than IVN if the share price is equalized with ETG at .60 as the 1.22 at QGX we see that half again so cheaper to buy is....ETG at 24 fold MORE BANG with the BUCK than IVN is this little ETG: ChuclalauDecimalJarrides again !
IVN at 209.9 Million Shares at say $3.15 if say at the QGX rate at 14 mill=
ETG at 16.7 Million Shares at say $0.60 cents say 12 fold more bang for the bucks
ETG equalized I say is like getting an IVN play at8% of the Cost of IVN ...I say the play that ENCIRCLES IVN and has the zone nearness to IVN is worth say....quadruple what it is now...do the proximity plat math....60 X 4 = $2.40 without any drills done yet by ETG is my read with drills, then what it should be at $2.40 now will go up say what more DOUBLE anyways and that is a 10 bagger from here...I bot 2 groups of this stock and expect a 10 bagger down the road. about a net of a quarter mill LOL ..true MY MATH. The cost to me was less than a few thousand ...think on it...
Chucka/Chuca
Chuckalau
SUBJECT: Conference Call Posted By: wayned
Post Time: 2/6/03 03:52
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I listened to the call completely. It was very good.
It turns out that the company cannot release new info during a call. it is illegal. But the tone was very upbeat. They feel they are well established in a major new camp which they will prove this year.
They feel that just one of their JV`s with Ivanhoe is worth more than their present market cap. I hadn`t realized the scale of the Ivanhoe project. They have already spent over $500 million on drilling. The JV`s core is waiting at the bottom of a huge pile for assay.
New drilling on the Central Valley Zone will start on FEB. 14 .
I know that over half the stock is held by institutions and insiders which helps explain the small volumes , but I can`t believe at the end of the call , there wasn`t a single question. I was on a single way phone but I am going to call them about my biggest concern. Water
stockhouse.com;
and
Wayned, I shared your concern about water also, but it is now my understanding that water will not be a problem. Apparently there is ample water which can be accessed. IVN sees no difficulty in this regard. The water issue was apparently dealt with long ago by IVN....and given the drilling expenditures to date, it is no wonder this detail has been well considered...When Friedland commented that Chinese copper mills are sceaming for feed, that may have been an indication of one of the initial plans in any event...for a period of time, ship material off to China for milling to subsidize themselves...It is indicated that half of QGX is held by insiders and institutions.....for IVN much more than half is held by insiders and institutions.....and by my estimate....over 75 percent....RF has 49 percent himself....By the end of February, QGX will get a small price bump up on IVN coat tails... if QGX starts an aggressive drill program, and assuming that QGX has done their initial homework well, and if they have some success, this stock could show some independent strength...There is apparently a back-log of assays as IVN is keeping everyone hopping....it is my understanding that all assays will not be complete even before IVN's independent resource estimates...it may be some time...as late as April before the assay results are in...As QGX is really a founder to some extent in Mongolia, they should be respected...however...the stock price may grow slowly over time..Kind regards,Aaron
stockhouse.com;
Keep an eye on this area play right their with the big boys. This stock should rock soon no float and assembling great team
stockhouse.com;
Stockwatch News Item
QGX Ltd (C-QGX) - News Release
QGX drills find gold at Golden Hills
QGX Ltd QGX
Shares issued 13,626,591Jan 28 2003 close $ 1.40
Wednesday January 29 2003News Release
Mr. David Anderson reports
DRILLING INTERSECTS GOLD AT LIMESTONE RIDGE
Diamond drill results from the Limestone Ridge zone at Golden Hills (holes LR1, LR2 and LR3) have intersected gold and copper within strong silica-pyrite alteration. The holes were drilled to test the downdip extension of surface trench mineralization that ran 15.6 grams per tonne (g/t) gold over six metres. Gold was intersected in all holes in intervals ranging from under one metre to 10.4 metres with grades ranging from 1.2 to 7.45 g/t gold (Au). The presence of gold and copper in silica-pyrite alteration implies that Limestone Ridge may represent the fringe of a copper-gold porphyry system. This alteration has been documented at other large copper/gold (Cu/Au) bearing porphyry systems with carbonate host rocks including the large porphyry Cu/Au deposit at Ely (Ruth), Nev.
Limestone Ridge is located approximately two kilometres to the northeast of the Central Valley zone in the Golden Hills area of Mongolia. Trenching at Limestone Ridge in the fall of 2002 outlined gold mineralization that ran 15.6 g/t over six metres. Subsequent sampling along strike revealed several other anomalous gold and copper values that outlined a trend parallel to a chargeability high that had been outlined by an induced polarization (IP) survey. The chargeability high was interpreted to reflect the downdip extension of the mineralization detected in the trench at surface.
Drill holes LR1, LR2 and LR3 were drilled at 200-metre intervals to test the chargeability highs. A summary of the results is given below. Not all results have been received from hole LR3. Copper results are also pending from all holes.
Drill Hole From To Gold(m) (m) (g/t)DDH LR1 50.60 61.00 2.08 (including 2.40 m @ 7.45 g)73.00 75.00 5.1394.00 95.00 1.14DDH LR2 150.00 158.00 1.20 175.00 177.00 1.62DDH LR3 70.65 71.00 3.83137.00 138.00 2.63139.50 140.00 2.40
Satellite imaging combined with drill results suggest the source of the mineralization may lie to the southeast within a seven-kilometre-long corridor to the immediate north of Limestone Ridge. Geological and geophysical surveys will be initiated in the first quarter of 2003 within the corridor to identify gold-bearing oxide targets similar to those drilled at the Central Valley zone.
"We are encouraged by the presence of anomalous gold and copper in each of the first three holes of what appears to be a very large alteration system," commented David Anderson, chief executive officer of QGX Ltd. "Exploration crews will focus on locating the source of the mineralization, which we believe lies within the prominent structure to the immediate north of Limestone Ridge. If so, there is every opportunity to encounter oxide mineralization similar to that found at the Central Valley zone. This work will be initiated while we are drill-testing our primary target at the Central Valley zone," he added.
Pat Donovan, vice-president, exploration of QGX, is supervising the drill programs at Golden Hills and supervised the preparation of the information in this release. QGX prepares the split core at the project site and SGS Analabs Pty. Ltd. assays all samples at its facility in Ulaanbaatar, Mongolia. QGX can earn an 80-per-cent interest in the Golden Hills lease by expending $450,000 (U.S.) on the property by 2005 and can increase its interest to 100 per cent by making a payment of $1-million (U.S.) after completion of the earn-in.
(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com
and ETG:
Stockwatch News Item
Entree Gold Inc (C-ETG) - News Release
Entree serves up geophysical results from Mongolia
Entree Gold Inc ETG
Shares issued 16,718,000 Jan 28 2003 close $ 0.55
Wednesday January 29 2003 News Release
Mr. Gregory Crowe reports
ENTREE GOLD INC.: TRENCHING AND IP OUTLINE EXTENSIVE GOLD MIN ...
Entree Gold has provided an update on trenching and induced polarization (IP) geophysical results over Entree's zone III epithermal gold system to the northwest of Oyu Tolgoi (Turquoise Hill) and on the IP and magnetometer geophysical surveys completed on Shivee Tolgoi along the northern extension of the porphyry gold-copper system being explored by Ivanhoe Mines on its Oyu Tolgoi property, Mongolia. Entree's 179,590-hectare Shivee Tolgoi (Lookout Hill) property is located immediately adjacent to and completely surrounds Ivanhoe Mines' approximately 8,500-hectare Oyu Tolgoi property.
Zone III hosts an epithermal gold system lying peripheral to the porphyry-related gold-copper mineralization centred around Oyu Tolgoi. Entree previously reported select grab samples from this zone with values to 29.2 grams per tonne (g/t) gold. An exploration program in November and December, 2002, consisted of three lines of IP geophysics (conducted by S.J. Geophysics of Vancouver) designed to better define the northerly trending 1.6-plus-kilometre-long IP conductor associated with this zone of mineralization. A strong 200-metre-wide chargeability anomaly was detected coincident with the mineralized zone on all three lines covering a strike length of 300 metres.
All three trenches completed across the northerly trending zone III, each 25 metres apart, outlined two separate zones of anomalous gold mineralization. The western zone is 60 metres in width and hosts quartz veins and breccias within silicified and clay-sericite altered felsic volcanics. Results included 5.18 g/t over two metres within a seven-metre interval averaging 1.64 g/t gold. Grab samples collected 40 metres north along the trend of this zone yielded 18.4 g/t gold, attesting to the presence of high-grade values within the veined system. Of greater importance is the mineralized interval outlined at the eastern end of the trenches. This zone occurs within a rhyolite breccia that disappears beneath a welded tuff unit to the east. This 35-plus-metre-wide mineralized interval, which is completely open to the east beneath the welded tuff, yielded 1.38 g/t gold over 18 metres with individual zones returning 8.3 g/t over two metres.
The strong 200-metre-wide IP chargeability anomaly in zone III coincides with the western mineralized zone and may reflect an area of disseminated pyrite mineralization with auriferous quartz veins and breccias. More importantly, this IP anomaly coincides with the boundary of the near surface eastern zone of mineralization that is open along strike and to the east. Additional exploration will be required to outline these extensive areas of gold mineralization.
Two lines of IP geophysics covering a strike extent of 800 metres were also completed near the Entree-Ivanhoe property boundary, along the projected northern continuation of the Ivanhoe porphyry gold-copper system. Both lines identified two structures that bound the northerly trending valley and may be important with respect to localizing porphyry gold-copper mineralization within a kilometre of Ivanhoe's Far North zone. Additional geophysical lines will need to be completed to outline potential mineralized zones. The system will also have to be examined to depth.
Several reconnaissance exploration targets were also identified in the recently completed exploration program.
A large area of alteration occurs within a circular, possibly caldera-related, basin identified by satellite imagery to the east of Oyu Tolgoi. Numerous quartz veins ranging from 0.25 metre to over five metres in width are hosted by altered volcanics and north-to-northeasterly trending shears. Sampling of these veins returned values to 1.6 g/t gold, 157 parts per million copper, 1,035 parts per million lead and 496 parts per million zinc. Previously reported sampling in this area returned values to 2.6 g/t gold.
Malachite was noted in an area of andesitic volcanics to the west of Oyu Tolgoi. Sampling returned values to 691 parts per million copper. The fact that copper mineralization was found in the limited time spent in this area is very encouraging.
Management is extremely encouraged by the results of the recent exploration programs. Results from soil sampling along the northern and southern projected continuation of the Ivanhoe porphyry gold-copper mineralized system are pending and will be reported on upon receipt and interpretation.
Continued updates to Entree's exploration program and additional information can be viewed by visiting the company's Web site at entreegold.com.
(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com
Chucka and that is my Fundy A. FA not TA ( & everyone knows I love GOLD in LIMESTONES!)( In Nevada now LOL )
entreegold.com
""
Entrée Gold's 179,500 hectare Shivee Tolgoi (Lookout Hill) Property
completely surrounds Ivanhoe Mines’ Oyu Tolgoi (Turquoise Hill) Property
Shivee Tolgoi potentially hosts extensions to the
northerly trending porphyry copper-gold
mineralized system being explored by
Ivanhoe Mines Ltd., where drilling in the Far
North Zone returned 638 meters of 1.61% copper
and 0.07 g/t gold.
Recent drill results (October 31, 2002 Ivanhoe
News Release) confirm the northeast continuation
of high grade copper – gold mineralization from
the Far North Zone towards Entrée’s Shivee
Tolgoi property. Shivee Tolgoi also
hosts epithermal bonanza style gold mineralization
in its Zone III, with recent sampling returning
select grab values of up to
29.2 g/t gold Exploration programs are in
progress on Shivee Tolgoi "" |
