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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (3359)	2/20/2003 11:08:50 AM
From: 4figureau	Read Replies (1) \| Respond to of 5423

CDU: Scott...read this first by lost_ in_ africa...he is very conversant on the subject: >>Little Joe: They found anomalous (>5g/ton and thats a lot)silver in soil over a magmatic event that could be the source of fluids rich in silver. Magmatic events (intrusives in this case) always have some fluids but often these are barren. Confirming that they have silver is a big +. If, as in their other deposit, the fluid predominantly migrates through conglomerates overlying or adjacent to the magmatic event and if that fluid precipitates the silver in the conglomerate, then that conglomerate will be rich in silver. So all that we need now is to verify that there is a conglomerate (low risk), how thick it is (medium risk) and what the grade is (high risk)... Of course my theory could be wrong and then its just a crapshoot ... This is simplistic and would improve if I had a lot more data but it is my more-or-less educated guess. The truth machine (drill bit) will soon tell all but I remain optimistic. If this works, it will be like shooting fish in a barrel hehe. IMVHO LIA<< Message 18602453 You wrote: >><Silver values in soils of 5.0 and 11.9 g/t over a background of less than 5 g/t coincide with previous sampling in deeper pits that returned values of several hundred grams silver per tonne.> Is this somewhat cryptic sentence telling us that in their samplings, they are finding at least as much silver content as they expected, and in some areas, more than twice as much as expected?<< If you go back to the original surface chip samples at Chingolo..silver values ranged from 20 up to 391 grams, with trace amounts of copper lead and zinc. Earlier results from a trench exposure turned up an (one sample was around 3 kilos) average 747 g/t silver. Based on this they believed that the Chingolo prospect has the potential to contain a silver deposit similar to La Providencia. The NR from yesterday continues to confirm this IMO..but raises many more questions as to the source of "a high grade - high angle structural feeder system" being a lot closer to Chingolo than to La Providencia. If so...the potential tonnage and grade could be even higher than where it was mined for 10 years.. 15 kilometers away..yet connected. They talk about "3 of the 4 bounding structures" at La Providencia, and that these faults may be part of the “plumbing” system." Many more questions than answers at this stage.