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To: sageyrain who wrote (57592)	7/21/2006 1:59:49 AM
From: sageyrain	Respond to of 313075

Mistake: and that they are drilling the veins overall at least at 30-40 degree angles. "30-40 degree angles" should be "70-80 degree angles"

To: sageyrain who wrote (57592)	7/21/2006 6:11:05 AM
From: jpthoma1	Respond to of 313075

It may be too early to try to imagine the shape, size, grade and tonnage of that discovery. Let just hear what the market says: If we compare ARU's discovery to a similar recent large discorery (the Éléonore deposit), Goldcorp paid $450 million for a 3-5 million ounces open in all directions deposit (meaning a 7-10 million ounces potential deposit). Market cap for ARU is about $625 millions. So, my conclusion is that the market has already accounted for at least 5-7 million ounces and, if market thinks the deposit is still open, for a 10 million ounces one. PS: Please note that 100 holes were drilled when Goldcorp bought Éléonore. "Geological risk was lower". JP

To: sageyrain who wrote (57592)	7/21/2006 5:09:28 PM
From: russet	Read Replies (4) \| Respond to of 313075

ARU has also stated they believe they are looking at a system that has had several mineralizing and potential remobilization events,...so is the angle of the veins representative of direction of mineralizing fluids in the first, second, third etc. event?,...which fault was a structural determinate in the first, second, third?,... mineralizing event. The ancient water table level was likely located at the scinter (as per typical epithermal genesis),...and look where the scinter is located. The mineralization is typically found on one side or the other of the sinter depending on which direction the fluids flowed. Drill holes will determine the types of rocks present and will give geologists telltale signs to determine where to look for nearby mineralization as the layers of rocks generally occur in a specific order. I haven't seen this analysis of rock types yet, have you? You're making a lot of assumptions and simplifying what could be a much more complex situation. If I put all the drill histograms together in a 3 d image I see a variable multiple vein system running through a mineralized block that is nearly perpendicular to ground level. It's the dip of that mineralized block I'm referring to. There is little gold outside that block. There may be something in the "assays pending" area to the west of the fault under the displaced sinter. Assays there are critical and seem to have been pending for quite a while. So far assays running deeper are tailing off in gold content. Maybe assays to the west will find a continuation of the system. Assays to the North also seem to be tailing off in gold content. The system appears to be finding its limits along strike unless other blocks are to be found displaced by faulting. Optimism is good in the markets, but in my experience 999 times out of a thousand it eventually results in losses if I don't sell down to freebies when everyone is pounding the table in blind optimism.

To: sageyrain who wrote (57592)	7/22/2006 4:49:22 AM
From: Proud Deplorable	Read Replies (2) \| Respond to of 313075

Maybe this will help: "Figure F24. Interval 193-1188F-14Z-1 (Piece 6, 98.5-110 cm). A. Close-up photograph. B. Sketch of complex vein relationships (246.86 mbsf). The veins in this piece consist predominantly of anhydrite and pyrite. The two thicker veins, Va and Vb, are surrounded by 1- to 2-mm-thick gray siliceous halos that grade outward into 1- to 2-mm-thick light gray halos more rich in clay minerals (illite?). A thinner siliceous halo is present around vein Vc. In all veins, except for the thickest vein (Va) and the thinnest veins (Vj-Vp), pyrite occupies the center of the veins and is rimmed by anhydrite. Vein Va has coarse anhydrite in the center of the vein, rimmed by thin veinlets of pyrite, followed by a thin rim of anhydrite. The thinnest veins are either pyrite veins (Vj-Vm) or veinlets of anhydrite (Vn-Vp). Some of the thinner veins branch off from the thicker veins (e.g., Vk and Vl from Vb; Vi and Vm from Va; and Vg and Vj from Vc). Veins Vc and Vd are probably part of the same vein, crosscut by Vb. This is evinced by the anhydrite selvages of veins Vc and Vd, which are overprinted by the siliceous halo around Vb (Point A). Furthermore, the right-lateral offset between Vc and Vd matches the space of the extensional jog filled with pyrite of Vb (Point B). Finally, the anhydrite crystals are aligned east-west in the vein intersection at Point A, indicating an east-west extension. Microscopic examination shows that Ve cuts across the halos around both Va and Vb, indicating it to be later. Although these veins show crosscutting relationships, on the basis of their mineralogy and nature of alteration halos, most of the veins in this specimen are considered to be part of the same main veining event. On the basis of mineralogy and nature of the alteration halos, this is considered to be the event that formed most of pyrite-anhydrite veins throughout all of Hole 1188F."