To: Harmattan who wrote (8600 ) 2/6/1998 7:14:00 PM From: David R. Schaller Respond to of 14627
Ghunk, Figuring this baby out has become an exercise in futility. This from PFG web page: ---------------------------------------------------------------------- Pacific Rim Discussion Forum Posted By Subject Date / Post Time Message ID Pacific Rim Mining, Tom Shrake Information 26543 Mr. Schaller: The Fantasma and adjacent Nunez properties were acquired for two reasons: geologic potential and strategic importance. The Diablillos project contains a number of exploration targets that are within a fault block of volcanic rocks that are confined by a north-south fault to the east and confined to the west by a north-south fault that curves to the southwest in the southern part of the Diablillos project. Part of the acquired lands cover this volcanic fault block (see map on web site). The curved north-south fault is locally mineralized in the northern part of the Diablillos Project which provides hope that it may be a focal point to mineralization on the new claims. The silver and gold mineralization in the Oculto deposit is related to and controlled by a set of NE-SW faults and the resource is open to the NE and SW along these faults. The Oculto deposit is open towards the newly acquired claims, although widths have diminished. The intersection of the NE-SW Oculto faults and the curved north-south fault within the newly acquired claims is an especially attractive target. The portion of the fault block covered by the Fantasma claims has seen some limited exploration work that was conducted by BHP. They drilled one area due west of Oculto but did not intersect significant mineralization. The projection of the Oculto deposit to the SW has never been drilled. Strategically, the Fantasma acquisition could be vital to an operation. As currently defined, a pit would narrowly fit within the Diablillos property. However, should the mineralization continue to the SW, these lands would be needed to access the Oculto ores. Additionally, these lands could save haul distances for the materials that would have to be moved along the south side of the east-west ridge that overlies the Oculto deposit. Mr. Marshall: The warrants that you refer to have all been exercised. Mr. Quinn via Mr. Marshall: Although we sought public relations advice specifically with regards to the internet, it is through our internal efforts we have put Pacific Rim on the radar screens of the investment community. You may have noticed that as silver has fluctuated, so has our share price. This fact is tangible evidence of the market awareness we have established. The market is well aware of Pacific Rim, what our assets are, what our financial position is, who we are individually and where we are headed as a company. We have accomplished this through a great deal of very demanding public relations work. This effort has resulted in at least nine* buy recommendations from analysts and newsletter writersand when the silver price escalated the buyers were there. Our market presence is unquestionable. *These include: two from each the Hard Rock Analyst, and CM Oliver, others from Wood Gundy, First Marathon, Canaccord, Haywood, LOM, Yorkton, as well as Ted Carter (in both print and on national television). Thank you again for your interest in Pacific Rim Mining Corp. We welcome your input and are always available to answer your questions. ---------------------------------------------------------------------- Regards, Dave