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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: T.F. who wrote (7395)3/2/2006 1:55:10 PM
From: E. Charters  Read Replies (1) | Respond to of 78418
 
Well the intersections are wide and they are of heap leach grade.

The hole 16 drilled north away from the deposit, was to find what extensions there may be and found nothing of interest. Therefore the deposit is the plug they can see. (so far) The surface dimensions are possibly all that there is to drill at. So the deposit's size, for now, can be calculated safely. "What is this size", is the question.

Since we are guessing it is not fair to say. It does appear to be several hundred feet wide. What is the drill spacing? I can guess it might be 100 feet. 6 holes means the plug is 600 feet long or slightly better and "perhaps" 300 feet wide. At 1000 feet deep it is perhaps 16 million tons and 650,000 ounces. Just my guess.

An orebody? Wellll hmmmmmmm.. not yet, but it is interesting. My only comment is 6 holes an orebody does not make, the previous 2 dollar stock price notwithstanding.

All in all it is not a bad sign.

EC<:-}