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

To: que seria who wrote (18744)	8/19/2006 2:07:05 PM
From: E. Charters	Read Replies (1) \| Respond to of 78411

post announcement... Yes, this is significant. Assays of this type are rare. Contrary to what most morons think, gold is not found everywhere and you do NOT find really high grades on every gold property (would that you could..) nuggety gold properties like this one are a nightmare to establish grade. Sometimes you have to cut, sometimes arithmetically average. good luck to them. The property will not "go down". It will fade out above anywhere from 300 to 1200 feet, or it will be markedly lower in drilled grade. We have to wait and see. It looks like a watcher.. the veins would be narrow, and how many are really high grade are not indicated. However it is good promotion. The reality is never as good as they make it sound.. Sounds like they have a bunch of small one ounce veins. If it is any better it will be breath taking if they only manage to find 20,000 tons of grade. Bear in mind that one 3 foot vein that runs one ounce/T, 500 feet long, generates maybe 10,000 tons or 6.5 million dollars to 100 feet and must be mined by a ramp. Not as profitable as it looks at first. Minimum mine is 3 million dollars. Tailings pond, mill, ramp, rais and mining equipment. It can be surface high graded for about one million maw and paw, but that wont' drive the stock. If they drive the stock at 10,000,000 shares out from 20 cents to 1.50, that will make someone about 7.5 million dollars however. ********************************* The new sampling of vein quartz, often with a distinctive blue color, is reported below; --------------------------------------------------------- Assay 1 Assay 2 Assay 3 Assay 3 --------------------------------------------------------- Sample No. Au g/t Au g/t Au g/t Au oz/t --------------------------------------------------------- 480922 3.20 1.90 1.12 0.033 --------------------------------------------------------- 480926(i) 26.98 367.20 476.75 13.91 --------------------------------------------------------- 480927 2.33 0.80 0.71 0.021 --------------------------------------------------------- 480928 547.43 482.80 161.36 4.71 --------------------------------------------------------- 480929 502.69 542.20 489.12 14.27 --------------------------------------------------------- 480930(i) 362.05 33.75 36.42 1.06 --------------------------------------------------------- 480931 2.78 5.90 2.16 0.063 --------------------------------------------------------- (i) Original pulps of these samples are currently being re-run by Alaska Assay to confirm initial analyses Assay 1 is the original pulp analyzed by FA-AA and FA-GRAV by Alaska Assay, certificate AK02080. Assay 2 is the original pulp analyzed by FA-GRAV by International Plasma Labs, certificate 06H2101. Assay 3 is a 1kg metallic screen analysis by Alaska Assay, certificate AK02130. Results reported first as g/t and then oz/t. Bravo said exploration crews and mechanical equipment are being mobilized immediately to the property to further evaluate the newly discovered occurrences and potential for a bulk sample as well as determine preliminary targets for a drill program. High-grade quartz has now been located in float and narrow veins along 400 metres of Blue Quartz creek. Similar narrow veins are widely dispersed throughout the south and western parts of the 11km x 7km island and are hosted in east-northeast trending sub-parallel structures up to 10 metres in width. Bravo said the recent multi-ounce gold samples extend the blue quartz zone to an area of more than four square kilometers on the uninhabited island. "With no roads and limited trail access on Woewodski, exploration of the blue quartz potential is conducted from the shoreline and has been limited to date to hand sampling and trenching. The veins exposed on surface vary from a few centimetres to a metre or so and mechanical trenching should help determine width and continuity as well as provide structural information to guide future exploration," said Bravo President, Joe Kizis. "We are extremely encouraged by the multitude of consistently high grade outcrop and float samples along the trend identified to date," Kizis said, noting that even a modest tonnage resource could be "very enticing". *****************************