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Gold/Mining/Energy : Steppe Gold (SPE:V) -- Ignore unavailable to you. Want to Upgrade?

To: David Riso who wrote (633)	2/17/1998 10:34:00 PM
From: John Menzies	Respond to of 1248

What can I say -- Akbastau is a large deposit by itself but being adjacent to more substantial Kosmurun deposits puts it in an interesting light. We find it quite interesting that the anomaly has higher gold and lead values than the nearby mineralisation which outcrops as a large gossan - a gossan being an iron rich outcrop often developed over sulphides at depth. The iron is left after the iron sulphides are oxidised - a little like your car after the winter in eastern Canada. This anomlay is just that - we can not explain it - and suspect that it reflects VMS mineralisation at depth. The VMS deposits in the area are quite large and we are ever hopeful as all exploration companies are. It could represent mineralisation as large as Kosmurun where previous drilling has produced results like 85 metres at 6% copper and 3.3 g/t gold with zinc and silver. My first job as a geologist was working on this style of mineralisation - very exciting and often contain vast amount of mineral wealth.