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


To: Gib Bogle who wrote (15805)7/11/2006 8:58:35 AM
From: 4C  Read Replies (2) | Respond to of 78419
 
Although the PAX news looks good on the surface, check and see how deep these discoveries are. They are very deep underground, which raises the question: Can they get it out? I believe with these numbers open pit is out of question.

I have bought Pax because I firmly believe the hype surrounding the size of this deposit will double the stock price and maybe more considering Zinc is in short supply. But I think once into feasibility study, they would have problems. How much of this can they get out, who knows...But I don't think it is anywhere near what they claim is there, JMHO.



To: Gib Bogle who wrote (15805)7/11/2006 6:01:55 PM
From: E. Charters  Read Replies (1) | Respond to of 78419
 
The Selwyn Project is comprised of several large lead-zinc deposits with defined resources in the XY, Anniv, and Brodel zones, as well as known mineralization within the partially defined OP and Don zones. To date, drilling has defined Indicated mineral resources for of 33.5 million tonnes grading 5.52% zinc and 2.10% lead that contain 4.08 billion pounds of zinc and 1.55
billion pounds of lead. The Inferred mineral resources are 112.9 million tonnes grading 5.40% zinc and 2.14% lead that contains 13.44 billion pounds of zinc and 5.31 billion pounds of lead and are immediately adjacent the Indicated resources (see February 9, 2006 news release).

Sounds big.