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Gold/Mining/Energy : Prosperity Goldfields Corp -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (507)	7/19/2011 10:01:28 AM
From: loantech	1 Recommendation Read Replies (1) \| Respond to of 906

OT: Detailed geological mapping of outcrop within the Ida Oro gold-in-soil anomaly has been completed. Currently, a trenching programme is underway in prospective and accessible areas. To date a total of six trenches with a cumulative length of 191m have been opened with 100 samples collected. Results are still pending. Drill pads are in the process of being built for the planned 12,000m drilling program, still on schedule to start in early August. Summary The field work at Ida Oro has progressed well and the Company remains on-target to commence an initial drill program in August, with results expected towards the end of September. Detailed mapping has confirmed the potential of the Ida Oro soil anomaly to be a very large target. stockwatch.com

To: Claude Cormier who wrote (507)	7/19/2011 10:33:23 AM
From: E. Charters	Respond to of 906

picky, picky, picky. In general, anticipation drives the stock price and realization, also fr. word but it means something slightly different, drops it, the distance depending on many factors. I was just emphasizing that unless you know what the results are, you should never hold past them unless you know what further results may do. u ain't gawd almighty so selling into the run up of a mystery driller is a good idea. This would not give us much of a market if everybody did this. As Blanche Dubois said, "all my life I have depended on the kindness of suckers". ssh is a mystery based on geochems and moderate placer gold, which is the pundits are right could be orogenic, i.e. quartz vein and not epithermal. In general geochems are a very, very good idea to buy into cheap, as the stock will have life while they chase the targets and historically they are the most producitive anomaly in gold since Roman times and again when modern A horizon and some b horizon in some terranes has been practiced. All orogenic means is formed during plate subduction and mt. building or in accretionary terranes. It does not mean that the gold deposits are necessarily mesothermal, or that they are small or narrow vein in total mining structure. It does mean that they were formed at moderate depth, near the surface as mountains on the coast were formed or in island arc chains. The young coastal deposits near Nome, Ak and the old superior province archean deposits are examples. They are hydrothermal and epigenetic (later) to the host rocks, but syngenetic (same time as) to deformation and intrusion. In all the debates about the origin of gold veins, two things are clear. They had to have heat sources, they had to form in rocsk that at least one time were underwater or near the surface as they are almost always a few feet from volcanic rocks which exuded surficial pillows. Never in the pillows, so we know they are not related to that age of volcanism, but to a later more felsic associate uplift or transpression. Then the deformation had to form conduits, so the silica had to be injected into the dilations of the rocks formed by pressure ridging and other deformation. This means 90% of all superior province gold is post orogenic to a degree. The subaqeuous nature of the pillow lavas does not have to be contemporaneous with deposition, as the gold is always formed during the stage the lava beds are erected into compressed vertical formations. This would mean the so called depth of formation assumed by workers is probably false as the degree of metamorphism could be arrived at by transpression of folded terrane. On the other hand the folds could have been buried a fair distance when the veins were formed. EC<:-}