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

To: E. Charters who wrote (45264)7/19/2007 7:54:20 PM
From: teevee  Respond to of 78421
 
Maybe all the gold that went to the lab for assay, and for pictures like the one you posted came from rock collected from small blows on narrow high grade fissures worked by the locals? It was locals who provided the the gold to the geo at Busang too.



To: E. Charters who wrote (45264)7/19/2007 7:57:49 PM
From: teevee  Read Replies (1) | Respond to of 78421
 
"The favourable stratabound mineralized horizon has attracted artisanal miners to develop more than 200 tunnels (adits) into the mountainside since gold was discovered in the area five years ago."

This sounds like a level thingie, not a whole cloth bre-x type deal...

When was the last time you saw a "stratabound" gold deposit with the continuity of a major coal seam? That in itself should have raised red flags.



To: E. Charters who wrote (45264)7/19/2007 8:00:26 PM
From: stan_hughes  Read Replies (3) | Respond to of 78421
 
No doubt there is gold in some quantity, but now everything becomes subject to suspicion and needs re-verification, i.e. do it all over again.

From what the company said, it sounds to me like nobody can even count on existing core being available for re-assaying since no one will be able to say what came from where.

It will be as if they just set foot on the property yesterday.

Would you put big dollars back into the hands of the same management to do it all over again? I for one would not



To: E. Charters who wrote (45264)7/19/2007 9:34:52 PM
From: sageyrain  Respond to of 78421
 
I agree, the gold is there, Newmont would have done their own due diligence and would not have taken a large stake without reasonable evidence of a large deposit. Several possibilities here other than salting. For example, they may have found out that their standards were flawed.


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