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


To: Condor who wrote (26924)1/13/2004 9:17:17 AM
From: TheSlowLane  Respond to of 39344
 
Condor - good question, I was just looking at the chart aspects. I believe that they are doing some work on Agnew Lake over the winter but I don't believe that includes drilling. Not sure if all of the 2003 drill results have been made available or not, perhaps someone else can comment.

Paul



To: Condor who wrote (26924)1/13/2004 9:37:08 AM
From: E. Charters  Read Replies (1) | Respond to of 39344
 
They may be drilling on a different project by this time as they also have fabulous platinum lands in Shakespeare, Agnew Lake, and Alayeska, but I believe their drilling continues on the Rivier du Val projet. They did a 6.5 mile step out in the fall, drilling at some pt/pd values found on surface, but I did not get the results on that.

Ten kilometres is a lot of strike length. So far everything they have drilled is mineralized in an ore picture way, more or less every hole fits into a mine. This is rare. I would say betting now is over 50%. Has to be. When they start missing lots, then we can start to lower the odds -- or turn around and drill deeper as their cheerleader and head office chipmunk is telling them to do.

I would say that the River Valley project is more of an unfolding, rather than an even horizon thing. They are pushing back the limits to where it cannot be other than acceptable to mine - more or less inexorably. The major backing them, Anglo Plats, is shovelling the cash at the projie, a bucks-bucketload of 12 mega-loonies to date, with no signs of stopping. 5 million committed this year. With 100 holes or more in a row hitting wide values of low grade ore of a tenor much like Anglo P's own SA open pit the just opened, and North American Palladium, (very profitable as of now), it looks like it will continue to win.

This makes it a minimum 3 dollar stock, IMHO.

Buy it.

I like their gold stuff in the Tintina trench. A lot of morosity about that few years back. Biggie potential up there though. Biggie. Int Canalaska and Int. Freegold.

EC<:-}