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

To: loantech who wrote (17391)	8/18/2005 1:50:50 PM
From: E. Charters	Respond to of 18308

Well the drilling was a tailings deposit. Our goal was 0.04 opt and we got 0.027 opt in a restricted zone. We are still in the running. Considering that we should drill 250 more holes to condemn it, it remains a target. We also could tackle 6 million tons of 0.04 OPST in another tails situation; this defined by 1400 holes. It need metallurgical work to make it sell though. Last flotations tests were indeterminate, although one indicated a 65% recovery was possible. Indicated values herein are about $160,000,000. If other metals are factored in, that could increase by a good margin. I did get 26 feet of 0.488% moly on one property and that looks like a target for the tenor of a mid size deposit there. I ignored the property for a year, but it may be better than I had first thought. A 43-101 on another property inferred 160,000 ounces of 16.2 grams AU deliverable. That will probably go to ten times that when all is said and done. Again, we need about 2 million in engineering to say that is feasible but it infers a good start at any rate. A few more things in the works, Ni-Cu, U-Co and the like. Nothing spectacular, but huge potential -of course- :) Back to snoozin' EC<:-}