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

To: CYBERKEN who wrote (3114)	5/24/1998 12:47:00 PM
From: Jon	Read Replies (1) \| Respond to of 34075

CYBERKEN, You dont have to handle 2oo mill ton, you test what would be in 200 mill ton In a small mining operation a 5000 ton a day is a normal operation. So what he means is you take a cubic footage that equals 200 mill ton and do drilling and or trenching and collect samples. Your samples will only be a very small fraction. I have read a lot abt this company, and I will have to say I am impressed. I have allso done lots of travelling and mining exploration in south America. Few years back I was in conversation with onother company that was trying to get involved in Bolivia, and we did talk abt this specific district in Bolivia. So I have known a little abt this place for a few years. As I have mentioned before I will wait and see what the assay will bring, and then I will make my move as to buy or not. Please I am not trying to knock this company, I am only trying to find out all the facts. If I misunderstood you then please accept my apologies Humbly Jon Sveen

To: CYBERKEN who wrote (3114)	5/24/1998 1:54:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 34075

<<Proving up 6 millions ounces of .03 grade means drilling, trenching and sampling through 200 millions tons where proving up 6 millions ounces of 1.5 opt gold means drilling and sampling only 4 millions tons of material.>> BAsically what I meant is that the amount of work needed to prove up reserves is greatly influenced by the grade of the deposit. Since Cangalli grades is said to be between 1g/t and 7g/t, we can expect that a quite a bit of work is needed to prove up the ounces. Was must be accomplished when proving up reserves is enough sampling to define grade and its continuity. There are standards that define what is "enough". Depending on the grade, the 6M ounces of proving may be contained in 30M tons or 200M tons.... we can't know as it was not said by MINE. The larger the tonnages, the higher the number of samples that must be taken and the higher the expense budget. Good exploration campaigns prove up ounces of gold at a rate as low as $3 per ounce. This is low. To prove up a 6M deposit, $18M must be spend or so. This is of course a balk park figure and will depend on a lot of factor. Sometimed as much as $10 per ounce is spent to discover gold.. Do you have an idea on how much MINE spent in the last year ?