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

To: Robert Dydo who wrote (695)	3/3/1998 8:45:00 PM
From: John Menzies	Read Replies (1) \| Respond to of 1248

We plan a systematic effort on AKBASTAU NORTH. The anomaly is quite large and a drilling prodgram merely targetting the core of the anomaly might well miss a major massive sulphide deposit. We want to do some IP - geophysics first to get a better and more precise target. In all probability the IP target so generated will coincide witht eh geochemical target - but you have to do this in a systematic methodical manner . Once you drill that first hole - you need to be drilling the ebst possible tagrte. The Akbasytau target is more than 2 kilometres long and 4-500 metres wide - so the potential for missing a major deposit within this by drilling only a couple of holes is quite high. REminds me - I worked on a massive sulphide deposit in Queesnland called Thalanga and identified a major structure which I believed terminated mineralisation and potentially offset it at the north end of the then known deposit. The company had drilled numerous holes to 300 metres and concluded that there was little potential to the north. The deposit was too small to be economically exploited. Some years later a more agressive drillling program identified an offset to the north nand at depth beneath known mineralisation. The ore lense located here made the deposit economic and it was subsequently mined with a decline from the base of a small open pit. Exploration is an interesting and exciting business and requires patience and persistemnce and very good science. Akbasyau North has good geology and excellent geochemicstry to gether with strong alteration and presence of sulphides a good target indeed - which will be drilled follwoing more detailed ground work.