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

To: marcos who wrote (24192)	11/2/2006 7:04:19 PM
From: stan_hughes	Respond to of 78407

That was a 'good news, bad news' release. The good news is that the bonus warrants were priced up north at 40 and 60 cents. May the day come that every one of the little fellers gets exercised. The bad news is that a joint like Mineral Fields has wormed its way into 15% of this play. Mark my words, that new 8.1 million share block at 18.5 cents is going to come back and haunt Wayne one day by putting a lid on the share price, especially after the warrants get exercised and that 8.1 becomes a 16.2 million block representing what will then be 24% of the farm. IMO he should have spread the new issue around and avoided the share concentration. I once thought I'd be in this for a dollar or two or more. Now it looks like the off-ramp will be in the 60 cent area

To: marcos who wrote (24192)	11/3/2006 8:25:35 AM
From: E. Charters	Read Replies (2) \| Respond to of 78407

"The best assay results from the recent drilling program on the property were received from the eastern portion of the Dorset gold zone. Drill hole MC-06-51 assayed as high as 9.21 grams per tonne gold (0.27 ounce per ton) over a 3.0-metre interval (9.84 feet) within a wider zone of gold mineralization that assayed 3.26 grams per tonne gold (0.10 ounce per ton) over a core length of 12.5 metres (41 feet). Drill hole MC-06-51 was located approximately 200 metres west of and on strike to drill hole MC-98-28 that assayed 2.99 grams per tonne gold (0.09 ounce per ton) over a core length of 15.2 metres (49 feet). All check assays have now been received and compare favourably with all of the previously released assay results." These results sound interesting. There is gold in Wawa. For years when I held land in there, from 1994 to 1998 specifically, all I heard were words dissing it as an old gold camp. It closed in the mid 50's when there was a labour strike in a couple of the mines, and a sharp rise in labour rates was seen throughout the camp. The Wawa camp was known to have pretty fair continuity and I heard from one of the Mine managers in that area, that the question was always whether to run them as wider lower grade enterprises or narrow high grade things. Some were drilled in the nineties to massive tonnages of 3 grams or less. I think it was Flanagan McAdam who were claiming they wanted to start a 50,000 ton or 15,000 ton per day mill in the area to run at 2-3 grams. Just up the road from where we had some ground. When Dome does it in Timmins, people believe it when they put the pit go in. But they got the cash. Dome is on its second pit of size of the 2 gram variety in Timmins. They finished the Dome Super Pit. It used 85 ton trucks to haul. (Acrex Joint Venture -- which is an extension of the old Royal Oak Pamour stuff) You have seen my picture of the trucks occasionally. It is conceivable they could do it in Wawa, if they got the cash. I have seen up to 15 parallel veins crossing the regional strike at a low angle, that put together could feed tons to a low grade mill. I am not saying the Dorset structure is amenable to OP. I don't know who Mineral Fields is, but someone had to come in and rescue them with cash. The other side of the coin is that someone in that deep doesn't just dump their stock overnite. You gotta believe that. EC<:-}