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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: SoCo who wrote (1018)3/13/1998 2:42:00 PM
From: Kent C.  Read Replies (3) | Respond to of 34075
 
I got this in my email, does anybody know who Scott is??? Has anybody else received this email?

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From gold@accesspro.net Wed Mar 11 17:11:55 1998
From: gold@accesspro.net
Date: Wed, 11 Mar 1998 20:05:55 -0800
X-Mailer: Mozilla 4.02 [en] (Win95; I)
To:
Subject: GOLDEN EAGLE...MINE on the NASDAQ

Dear Sir,

Golden Eagle.....MINE/NASDAQ has claimed they have over 100,000,000 oz
of gold on their property in Bolivia.

Here's some comments from a world class geologist that did the study on
thheir property.

The resources previously estimated for the
claims under the Company's subsidiary's
control at Cangalli were calculated with a
conservative average grade of .500 g/m3. This
calculation, on the basis of the sampling
program reported in this report, will have to be
increased by approximately 28 times, for an
average grade of 14.049 g/m3 of gold. Using the
definitions set out above, and the overwhelming
evidence of geologic continuity, it is my opinion
that the portion of the Cangalli claims that I
studied, which would have been in any event
less than half of the claims under contract,
contain an Indicated Resource of 60,771,704 troy
ounces of gold and an Inferred Resource of
111,414,800 troy ounces of gold. While I
understand that such numbers are staggering, I
cannot change the sampling results; my
observations in the field; the huge body of
literature and studies which have been
produced about this area which support my
observations; and the centuries of
gold-producing history in the Tipuani Mining
District. It becomes apparent that if these
resources can be confirmed as reserves, which I
believe is just a matter of carrying out a more
detailed sampling program and applying
currently-used cyanide leaching technology in
testing the recoveries, the claims under the
control of the Company's subsidiary may
produce an exceptional world-class gold
deposit.

I know it's hard to believe, but I checked with the SEC and the NASD and
they confirmed the study.

Scott
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