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Gold/Mining/Energy : El Misti Gold Limited (EMG V) -- Ignore unavailable to you. Want to Upgrade?


To: charred who wrote (185)5/18/1998 11:35:00 PM
From: Dano  Read Replies (1) | Respond to of 513
 
Five rigs at this stage does make sense.

Completing a 20,000 metre drill program with one or two rigs would be painstakingly slow. Using 5 rigs gets the job done fairly quickly and is cost effective because the drilling infrastructure; camp, transportation of food, fuel and core has to be maintained regardless of the the rig count.

What more evidence do you nay-sayers need as proof that emg is a once in a lifetime mining play with unbelievable potential?
1. Back in Dec. the management team put their own funds into the company to maintain payments on Sinchao.
2. They were able to raise major financing when no one was interested in mining and commodity prices were extremely depressed. The financing came from some major players who are known for their early stock picking savvy.
4. George Milton joined the board.
3. The company bought out the royalty rights of Peruvian land owners because of the fabulous potential of Sinchao.

The bullish facts on emg are to many to list. These few facts alone should have people clamoring over each other to buy this stock.

Add to these facts the fabulous results from the discovery holes of last year. Examples; Hole RC7 in the epithermal zone returned from 0 to 120 metres of 1.21% copper, .72g/t gold, 28.2 g/t silver, and .45% zinc. The co recently increased their prediction on this zone to be 1000 * 1000 * a minimum of 500 meters deep. Hole RC 11 in the porphyry zone intersected 202 metres from 98m to 300m of .67 g/t gold, 17.78 g/t silver, .56% copper and 1% zinc. The last 50 m of RC 11 averaged 1.17 g/t gold, 1% copper, 27.82 g/t silver and 1% zinc and ENDED IN MINERALIZATION. The co.conservatively predicts a depth potential of 500 metres and an area of 1300 * 900 metres on this zone. If any of you nay-sayers can find me any story with equal intercepts of this kind of grade and note, these intercepts are from surface or near surface and are homogeneous, I'd appreciate hearing of it.

See postings 143 and 158 for some potential price valuations of emg if these zone prove up.

I think you can rest assured that this 20,000 metre drill program at 200 metre centers will prove up a major discovery of substantial merit.

Mining analyst will be visiting the site by month's end while drilling is in full swing and core is being exposed. Now's the time to get your positions. The stock is a SCREAMING BUY!

happy trading
dano