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

To: S.C. Barnard who wrote (3159)	5/24/1998 3:17:00 PM
From: MoneyMade	Respond to of 34075

This will be bigger than BRE-X in one or two ways... A]Scam of immense proportions including the Bolivian officials B]A major gold find and the stock will soar to a minimum of $10.00 We welcome and fully support Golden Eagle's investment in Bolivia. As the Vice-Minister of Mining I will review Mr. Paravicini's findings and have them reviewed by Mr. Giovanni Viscarra, a geologist on whom I rely regarding the Tipuani area." Giovanni Viscarra was the mine superintendent for Golden Eagle's subsidiary operating in Cangalli through most of 1996 until he left for health reasons. Alvaro Riveros, Bolivia's Vice-Minister for Natural Resources, when reached in Africa at a conference, stated: "Bolivian miners have known for centuries that the Tipuani Mining District generally, and the Cangalli area specifically, contain incredible gold resources. This most recent study of the concessions under Golden Eagle's control now confirms exactly how incredible. "Bolivia is very proud to have such a substantial gold reserve within its territory." (Mr. Riveros is a shareholder in Golden Eagle.) Paravicini's geological report states that 15 target areas, representing approximately 80% of the concession's surface area, were studied over the course of 10 months during the later part of 1997 and the early part of 1998. While the company had acquired a Diamec 252 diamond drill to assist Paravicini in his sampling program on the Cangalli concessions, Paravicini and Dr. Donald Hausen, a member of the company's Technical Advisory Board, recommended against its use due to the deposit's characteristics. Instead, a program of channeling, trenching and pitting was chosen because increased representative sample size. Since deep drilling was not going to be used, Paravicini created 3-dimensional modeling of the ore blocks based on deep sampling made possible by the steep, naturally-trenched terrain, and by shaft and pit sampling possible at depth. Sampling was conducted in sufficient detail to be able to compute grade and quality. The sites for inspection, sampling and measurement were spaced closely enough, and the geologic character was so well defined, that size, shape, depth and mineral content was well established as to either resource or reserve calculations. Paravicini emphasized other important factors relative to his sampling program and report: -- All sampling was performed by Paravicini, or experienced, independent field geologists under his control and direction. -- Either Paravicini, or his staff, maintained strict control of the samples once taken, including the chain of custody until those samples were placed in the control of Inspectorate-D.C. Griffith Laboratories. -- The samples were prepared within the control of Inspectorate-D.C. Griffith Laboratories, fire assays were performed on those prepared samples, and the resulting bead was subjected to an Atomic Absorption finish. All samples were subjected to duplicate analysis, with approximately 20% of the samples subjected to triplicate analysis. The lowest of the assays obtained was always used instead of the average.