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

To: Natedog who wrote (830)	10/3/2011 11:42:30 AM
From: E. Charters	3 Recommendations Read Replies (1) \| Respond to of 906

slow drilling in heavily altered and broken rock resulted in less total metres being drilled" This could be a good sign, as breccia and faulting could be causing this. Sometimes breccia is silica healed but sometimes in a weathered zone the carbonate is absent and you get blocky ground. More likely the rocks are fissile and sheared. The altered rocks may not always be mineralized with the target minerals. The gold found in trenches, from channels and grabs means something will be found in core. The question is exactly what. The sericite in the newish Stranahan zone is always good to see, as is the stockwork silica. I note that there is no mention of sulfides. This would be important too. Prelim assays indicate that this new zone is interestingly goldiferous, but we will have to wait to see if intersections of note can be put together. I am betting they might. In reflection if these announcements were put out 30 years ago, people would have yawned. Only with sky high gold prices in the past 7 years have these kind of values become interesting. In the mid nineties I remember having discussions about Arizona and Nevada properties that were averaging 0.025 ounces per tonne. (0.86 grams per tonne) and guessing that they might be viable as heap leachers. Geologists I spoke to, otherwise knowledgeable people, demurred and told me that you needed north of 3 grams. Today you can speak of underground properties that might make 3 grams/tonne look good. Smash is in the zone. But I view the market will look at it as a cliffhanger for a little while longer. EC<:-}