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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Robbins who wrote (7458)	2/26/2005 6:29:13 PM
From: David	Respond to of 18308

Just wanted to expose Marifil Mines a bit as the damn thing doesn't trade, go up go down go sideways just trade please and keep me amused. The only info to date is in the prospectus as they have no website I know of. There are technical reports for these first three properties available, and a fourth technical report done for Easton Minerals in 2001 on the Las Aquilas property. I have outlined some of the main points (to me anyways) of four properties with snippets from the prospectus. Las Aquilas Project (Copper-Nickel-Cobalt-Platinum) - JV with BHP Billiton (so I'm not sure if we'll hear news) - At Las Aguilas, FM established a resource (this resource estimate was prepared prior to the implementation of National Instrument 43-101) of 2,200,000 tonnes at 0.52 % Ni, 0.50 % Cu and 0.037 % Co, including 0.86 million tonnes at 0.78 % Ni, 0.71 % Cu, and 0.05 % Co. - The Corporation believes this resource to be relevant to the extent that it shows that significant quantities of disseminated to semi-massive pyrrhotite, pentlandite and chalcopyrite are present and constitutes a valid explroration target. The sulfide system is open well beyond the limits of drilling. - There is a PGE component to this deposit that hasn't been looked for in the past - BHP identified 13 drill targets and subsequently drilled 4,174 meters and collected 1,645 core samples. Assays for the best interval, 1.5 m of semi-massive sulfides showing pyrhotite and pentlandite are not available at the date of this writing. BHP has notified the Corporation that they intend to do a second round of drilling. - also JV'd with BHP on the Valle-Daza project Carrizal Project (Gold-Copper-Moly porphyry target) - contains an old arsenic mine - Deposit possibility #1: The Cu Mo porphyry with precious metals associated The geochemistry, the hydrothermal alteration, the distribution of hydrothermal pyrite, the geophysical data and the geologic setting suggest a buried acid intrusive at an unknown depth. - Deposit possibility #2: Late epithermal system enriched in Au, Ag, As, Sb and Cu This model closely fits the geology, alteration and geochemistry of the Carrizal project, particularly a northwest trending zone in the west half of the “Corridor”. Anomalous amounts of gold, silver, arsenic, antimony, and copper are present with a well-defined association between them and are concentrated in the northern apex of the altered area. This association is reminiscent of a high sulphidation epithermal system. Manantiales Project (Gold/Silver) - on the north boundary of the Cerro Casposo Project, owned by Intrepid Minerals Corporation Paquita Project (Gold/Silver) - the two veins cross each other, some good maps on sample locations in prospectus - previous sampling by Orvana, 15 hole drill program to come - over 20 samples greater than 4 g/t The mineralization found to date in the Paquita Property is a set of quartz veins containing precious and base metal mineralization. The veins are contained in an area of about 200 hectares where one vein, called the Carola vein, strikes N 20º W, dips nearly vertical, and has a known strike length of 900 meters. This vein is open-ended on each end. A secondary, orthogonal vein, called the Cerveza vein, has a well defined strike length of 250 meters although float mapping and a limited amount of hand trenching suggests this vein may have a true strike length in excess of 2,000 meters. The vein is open-ended on each end. The Cerveza vein dips between 55º to 70º to the south. Carola vein The assay results for the Carola Vein show better precious metal values in the north section of the sampled area, where the outcrops are better. Going to the south, the values in precious and base metals tend to diminish but in all the cases the samples are highly anomalous. The lower values to the south can be related to the greater amount of weathering and disaggregating of the vein thus leaving at surface only the less mineralized massive quartz portions of vein material. Cerveza vein - Probable hypogene mineralization The oxidized remnants of the veins and the available assays suggest that the quartz vein metals could be as follows, in order of relative importance: sphalerite, galena and chalcopyrite. Because of intense oxidation, practically no oxidized remnants can be seen of sphalerite and the primary grade could be anticipated to be higher than the assays because of leaching. Galena is more resistant and anglesite (lead carbonate) is present in some outcrops. Chalcopyrite is totally oxidized but its presence in the veins is demonstrated by the typical brown limonite derived from this sulfide and locally copper oxides are very abundant on surface. Pyrite was an important constituent in the vein filling but its percentage was low as shown by the absence of acid leaching of the vein and its wall rock. Minor arsenopyrite was probably present. Gold was probably associated with the base metals and arsenical minerals and silver associated with galena. The low assay numbers for arsenic and antimony suggest that important amounts of sulphosalts were not present in the veins. The width of the sampled outcrops is only a fraction of the true width of the veins. Most vein outcrops average about 0.80 m wide but recent trenching shows that true widths are normally between two to seven meters. The vein outcrops and patches of vein float show gold values up to 31 g/t and average 8.6 g/t Au. Other sub-parallel veins are present but have not been explored. Similarly, other quartz veins containing traces of copper have been found by prospecting elsewhere on the property suggesting other areas of potential mineralization. The limited work to date suggests these are low sulfide systems. Sulfide mineralization probably comprises gold-bearing zinc, lead, and copper sulfides along with small amounts of pyrite.