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Gold/Mining/Energy : Cross Lake Minerals CRN -- Ignore unavailable to you. Want to Upgrade?


To: Taco who wrote (1006)12/27/1997 10:48:00 PM
From: Surething  Read Replies (1) | Respond to of 3650
 
Taco, He read the news release which he found very impressive. He then asked me to get him a copy of the schematic drill hole plan. As it is Christmas we had a bit of a problem getting together last week. I'll try this week now that I have the schematics.

What if he doesn't like them or is non-committtal? I hope I havn't opened up a can of worms here of my own making.

Best wishes

Surething



To: Taco who wrote (1006)12/30/1997 6:58:00 PM
From: Surething  Read Replies (3) | Respond to of 3650
 
Taco and Geoff, I spoke to my geologist today and came away very encouraged. He told me even though we are still in the early stages of the play there were three encouraging factors to this discovery. First, the overall grades are good and in keeping with that region. Secondly, the spacing of the holes indicate a good consistency in the mineralization. Thirdly, the drilling has also defined a south westerly trend to the mineralization.

He told me that if further drilling pulls up more 150 foot or so cores of decent mineralization then we could "have an elephant in the middle of moose country."

I noticed some underlying strength today in East West Resources. It will be more than interesting to see the results of their drill program with GKR, CRN, and CGG around the same time as the latest Cross Lake results are released.

If these results are good, Maple Minerals and Pacific Vangold Mines are right on strike. Pacific Vangold has an active work program on its property consisting of I.P.to define potential drill targets. I don't know the status of Maple's work program.

I understood an area play map was being produced by ENERSOURCE but I just heard it won't be ready until sometime in January.

best wishes

Surething