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

To: TrueScouse who wrote (21916)	10/8/2003 10:13:52 AM
From: bmccra	Read Replies (1) \| Respond to of 39344

I agree with you about Metallica, and it is one of my core positions for the longterm. I thought that Wheaton River might have looked at MR as an acquisition target rather than the Miranda deal they did. The silver and gold production which will come from Cerro San Pedro would have been a nice addition to WRM, with El Morro adding further value and what would be a nice pipeline project. The market certainly isn’t reflecting the value of El Morro as estimated in the order of magnitude study released January 2002: "Knight Piesold Consulting has completed an all equity, order of magnitude, economic study for the La Fortuna area of the El Morro property located in III Region, Chile. The results of the study show the following after tax internal rates of return (IRR) and net present values (NPV), when applying a discount factor of 10 percent. Based on 30 percent of the project, these NPV's have the potential to equate to approximately $3.65 and $7.30 per share of Metallica when using the currently optimistic metal prices of $1.00 per pound copper and $300 per ounce gold, and $1.25 per pound copper and $325 per ounce gold respectively. The average annual production is estimated to be 298 million pounds of copper and 332,000 ounces of gold. Over the 15-year life total production amounts to 4.5 billion pounds of copper and 5.0 million ounces of gold. The cash operating cost is estimated at $0.33 per pound of copper, net of by-product gold credits, and $4.35 per tonne of ore mined." metal-res.com b

To: TrueScouse who wrote (21916)	10/8/2003 11:42:17 AM
From: E. Charters	Read Replies (3) \| Respond to of 39344

Best gold play on the board will be Wildcat Resources Ltd. Maybe 5 million ounces of medium grade material. Gotta be a 40 banger. EC<:-}

To: TrueScouse who wrote (21916)	10/8/2003 11:49:42 AM
From: peter snowdon	Respond to of 39344

thanks to everyone for their suggestions of Cu plays. i used to hold IVN, but am out now (:-). still have some NGX. i went back and looked at DSR, which i hadnt paid much attention to over the last year: what happened in the spring?! huge run up, then equally large collapse, and now trading at the low for the year. interesting that the feasibility study for sustut reminds us that as the USD weakens, the Cu price required to get a canadian project off the ground goes up... peter

To: TrueScouse who wrote (21916)	10/8/2003 12:56:22 PM
From: Rocket Red	Respond to of 39344

CDY drilling to start Oct 15 on Gold Discovery Cassidy Makes Significant New Gold Discovery in Guinea -------------------------------------------------------------------------------- Cassidy Gold Corp. (CDY-TSX-V) is pleased to announce the discovery of two gold-bearing quartz vein systems on its Kouroussa Property in Guinea, West Africa. Cassidy has the right to earn a 100% interest, subject to a 15% state participation. Six large-diameter "HQ" diamond drillholes (Table 1), totalling 519 metres, tested three structural targets on the Koe Koe South zone. The veins discovered represent only two of many targets identified by reconnaissance work completed on the property to date. Prominent artisanal workings are found along a 500 metre linear, east-west trend interpreted to be the surface expression of the EW Vein. DDH KD-3 tested the EW Vein, intersecting 7.07 g Au/t over a true thickness of approximately 1.9 metres This vein appears to be subvertical and was intersected between 33.5 -- 36.5 metres downhole in saprolite. Three diamond drillholes, KD-4 to KD-6, tested the SW Vein, 250 to 550 metres south of the EW Vein. At surface, the SW Vein is marked by a northwest trending, 500-metre long trench up to 5 metres deep and 20 metres wide that was excavated by artisanal miners several centuries ago. DDH KD-4 tested the centre of the SW Vein trend, intersecting 16.87 g Au/t over an estimated true width of 8.0 metres. This vein appears to be steeply dipping to the southwest. Significantly, this intersection is hosted by mafic metavolcanic and metasedimentary rocks, apparently of Birimian age. Birimian lithologies host most of the major gold deposits of West Africa including Obuasi, Sadiola, and Siguiri. DDH KD-5 tested the SW Vein approximately 40 metres southeast of DDH KD-4, encountering an estimated true thickness of 3.52 metres grading 100.91 g Au/t, including a 0.69 metres true width interval that assayed 372.0 g Au/t, with check assays returning 416.2 g Au/t on the same pulp and 400.0 g Au/t Au on a second pulp. DDH KD-6 was collared 100 metres southeast of KD-5, and intersected a 3.24 metre true thickness of SW Vein that assayed 9.16 g Au/t, also hosted in saprolite. Diamond drillholes, KD-1 and KD-2, tested an area of extensive artisanal diggings approximately 500 metres northeast of the SW Vein. DDH KD-1 intersected 0.80 grams gold per tonne ("g Au/t") over 10.7 metres of laterite/saprolite material near the top of the drill hole. At depth, this hole encountered skarntype mineralization that assayed 0.84 g Au/t over a 23.25 metre interval that included 2.7 metres grading 3.67 g Au/t. DDH KD-2 intersected 0.20 g Au/t over a vertical distance of 10.7 metres, including 4.6 metres that assayed 0.32 g Au/t.