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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?


To: Quickdraw who wrote (8523)2/7/1998 9:05:00 AM
From: David R. Schaller  Read Replies (1) | Respond to of 14627
 
Rick, I had Samantha fax me a copy of a rough draft of the new properties and how they relate to Diablillos. It has the same outlines as the map you pointed out on PFG web page. It also shows the relative position of the heavily drilled Occulto zone, and the controlling fault lines. The long and short of it is that if there was to be any extension in the SW direction of Occulto then these new property additions were imperative. It looks like we may have bought another 1.5-2.0 miles of trendline along the controlling faults. I thought Shrakes point about needing the additional property for the development of Diablillos was also telling. If this were to be the case, Barrick will want these properties also since mining without them wouldn't be as feasible. Who knows maybe Barrick told them to secure these properties before a deal would be cut. Obviously Barrick couldn't move on them without major disruptions. Anyway looks it looks like a propitious purchase to me.

Regards, Dave