Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC) -- Ignore unavailable to you. Want to Upgrade?

To: Dundee Maples who wrote (91)	5/4/1998 2:06:00 PM
From: John Fairchild	Read Replies (1) \| Respond to of 397

Just got off the phone with Abacus IR Hole 2 (the big one) was drilled under trench 1. Hole 1 was drilled 75 m NW of hole 2. Both ended in favorable rock at reported depth (~100 m). The property is described as flat (plateau) with a small hill (knob). Hole 1 was drilled at the base of the hill. Mineralization in the high grade portion of hole 2 (58 m @ 6.53 g/t gold and 22.3 g/t silver) was consistent through out the intercept without any abnomally high spikes. Hole 3 was drilled under trench 3. Holes 4,5,6 and 7 under trench 2. Spacing ~150 to 200 m apart. Two of these holes are ~300 m deep. Expect results on these five holes by the end of the week at the earliest but more likely the mid next week. They have a good drill crew as you can tell by the speed of drilling. Phase II drilling will consist of 6 to 10 holes with 1 or 2 deep ones ~300 m. 4 buy recommendations. Canaccord, Yorkton, Research and Dunhill. This property is cheap to drill. 25k of road access off main highway. Thats about it. Should see continued buying from the recommendations this week. No leaks of the results on holes 1 and 2 as was apparent by the lack of run up prior to release of the results. Only one person in the office knows the results from the remaining 5 holes as they come in. The previous 2 hole assays were rushed in order to know what they have for committing to next phase of drilling ASAP before winter. Good luck all. John.