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

To: Gord Bolton who wrote (20237)	9/12/2003 5:30:47 AM
From: E. Charters	Read Replies (1) \| Respond to of 39344

The controls on Red Lake Ore have been well understood since 1930. I have several books on the subject. It is structural and related to ferro-dolomite zones. Now called carbonate alteration zones, or ultramafic rocks. The deposits usually respond to EM conductivity or IP. They should drill, it is possibly a mine. Drilling cheap compared to 1934. Then when they have 500,000 ounces, sell it for 25 million plus a royalty on everything exceeding that per ton per day depending on grade. Drilling would only cost about 2.5 million. EC<:-}