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


To: Rocket Red who wrote (66371)7/22/2009 10:30:20 PM
From: Claude Cormier  Read Replies (2) | Respond to of 78411
 
|| market cap pretty high for grab samples

The Miwah gold prospect was partially defined by approximately 3,000 metres of drilling in 11 holes by a previous explorer in 1997. All holes drilled during this program intersected significant alteration and mineralization with intercepts including 71 metres of 1.4 g/t gold and 58 metres of 1.1 g/t gold. The previous explorer suggested potential for 100 million tonnes at 1.1 to 1.2 g/t gold, however a review of the historical data indicates that early drilling was clearly parallel to higher grade (greater than five g/t gold) structures at surface. Hence, in addition to greater mineralized tonnage, significantly higher overall grades are anticipated from better geological understanding, results of the company's detailed sampling, and properly oriented drill holes.