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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 (41232)	5/28/2007 1:14:13 PM
From: loantech	Read Replies (1) \| Respond to of 78403

Should be getting some drill news on WGI soon like this week. I am not sure if they will report on some to a depth of 1500' or not but I know they are drilling some big boys. Looking at the slide page 14 of their presentation it is easy to see that if their model is correct WGI will more than double their amount of gold. Over 4 mill ounces in all categories now so would be nice to see them end up with 10 mill ounces plus and the permits to move more dirt. westerngoldfields.com Some of the prior holes under Big Chief that touched the non oxide were not as high a grade as the oxide but I understand that other areas show increasing grade in the non oxide at depth. So these holes coming up may be quite interesting. <HIGH GRADE POTENTIAL WGI's review of the comprehensive data accumulated by previous owners through twenty years of exploration and operation has already identified numerous high grade zones throughout Mesquite. As was typical at open pit heap leach mines developed during the 1980s, prior operators treated Mesquite ore as if it were homogeneous. However, as other operators have discovered elsewhere in the western US, what was considered to be homogeneous often included high grade material that could be processed separately to achieve significantly higher recovery with minimal additional cost. WGI's management is experienced in precisely this reinterpretation and is bringing this new perspective to its understanding of Mesquite. In one area - Big Chief South/Bay Horse - the Company has found numerous intercepts in drilling conducted by previous operators that exceed 1.0 ounces of gold per ton. Examples include: - MR-3052 - 80 feet averaging 0.67 ounces of gold per ton including 30 feet averaging 1.71 ounces of gold per ton. - SM-1404 - 50 feet averaging 0.96 ounces of gold per ton including 10 feet averaging 4.41 ounces of gold per ton. - SM-1970 - 10 feet averaging 3.88 ounces of gold per ton including 5 feet averaging 7.50 ounces of gold per ton. - MR-2793 - 50 feet averaging 0.37 ounces of gold per ton including 10 feet averaging 1.74 ounces of gold per ton. These drill hole locations are shown on the map below.>>>>>>>>> <Visible gold has been identified throughout Mesquite. Small flakes, less than 50 micron, of free "flour" gold have been found within the oxidized gouge and clay fault zones. The flour gold is thought to be a result of re-mobilization during oxidation and is supergene in nature. Gold is typically associated with titanium oxides (rutile) and hematite. These zones are limited in extent but can be extremely high grade - typical gold values range from 1.0 to 2.0 oz/t gold; with a high of 36 oz/t Au recorded. Coarse-grained hypogene gold has also been noted with more frequency and larger size in the unoxidized portion of the deposits. Recent test work on non-oxidized ore indicates that 65-78% of the gold is liberated free milling gold, 13% is associated with refractory sulfide minerals, and the remainder is associated with iron oxides and carbonates. Coarse gold generally occurs as electrum within quartz veins (occluded and void fill), while the refractory portion is found within overgrowth rims of arsenopyrite, chalcopyrite, and pyrite. sec.edgar-online.com