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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?


To: Bill Galkowski who wrote (1243)11/16/1997 8:00:00 PM
From: Charger  Read Replies (1) | Respond to of 4571
 
Not "unfortunately", but "fortunately" it is 7/10 oz. (.7) because this is the graded assay at the TOP of the hanging wall, as it has been explained to me by BCMD. I have posted this before, but I think it worth going over again, if you all don't mind.

Picture a "house of cards" in a triangle. Call the "sides" of your house the "hanging walls" and call the "floor" of your house the "foot wall". If gold is grading as high as .7 at the top of the hanging wall, as gold is "heavy" it will "fall" in greater quantities as it collects in the "foot wall". So BCMD is feeling very excited that they have an assay reporting something as high as .7 at the top of the wall.

Encountering the wins, which was mentioned in the conference call, has been problematic and has slowed down the progress to get to Pillar 4, or rather to get the ore out of Pillar 4, necessitating a three compartment raise, as is stated in the news release. This release will be seen on Business Wire Monday morning early. I also have a faxed copy of the release.