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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (23788)	10/30/1997 4:35:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 35569

There are very fine grained mineral deposits that are genuine. There is some controversy generated here that demands an explanation and it emanates from professionals and just plain people who want and need to know. I would think it is incumbent upon the Arizona state legislature because of the notoriety of this case, the investor money and the reputation of their geological service being at stake that an independant audit be demanded and a gov't fact finding mission be launched. A grand jury is perhaps premature. It may also serve to define the role of the Geological survey in mining in this state and elswhere as in Canada where it was a gov't dept and a cabinet position, the survey was able to direct, guide, pioneer and assist mineral exploration. This resulted in a seminal and indispensible role towards the existence of the industry. In Canada's past the survey was able to direct companies away from what was desmonstrably a waste of money, such as looking for coal in volcanic rocks. There was at the turn of the century, similar controversy over the gov'ts role in "assisting" industry in this way, but wisdom prevailed and the surveys, Ontario and GSC added billions to Canada's economy through its pioneer work. It is a model for how gov't can work today. echarter@vianet.on.ca