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Gold/Mining/Energy : Major General--MGJ -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (479)	6/21/1998 4:34:00 PM
From: 1king	Read Replies (1) \| Respond to of 1707

Vaughn, I have been in lurker and research mode and your posts are refreshing in the JP-SVB era. Great work and VERY much appreciated. . . . I am hoping better late than never is the sentiment! RE: MGJ SVB press release- explains why drilling is so slow. They are using a localized deep looking attitude. Different and not characteristic of the ex-Voisey people or Teck people. A paradigm shift somewhere this spring! It was NOT A 20 CHANNEL off-hole as you can clearly see here: members.xoom.com so I do not know why they repeat this claim. The EM before and now is simply "what you see is what you get". The new data has more channels because they are now reading a lower frequency as advised in person by some SI flunky<G>. There is a stronger response 35 ch's this time so the coupling is probably better but the loop is also much larger. Lets see if they release the data so WE can count the channels<G>. The fact that they have data from two loops is helping pin-point the centre of the conductor. They are very precise in the PR. I really do not know why they would drill the off-hole, which is 35/42 PEM channels (until WE count them ourselves). Therefore it must be disseminated mineralization at best. Hopefully the surface EM being collected from the same loop (big loop laid for both purposes) would give more near surface (<500m) discrimination. The drilling has encountered a lot of olivine gabbro. I wonder if they have caught on to the fact that the rest of the holes in the area were too shallow and may have been stopped prematurely (I taught Sparkes not to do that from the Western Extension). 5-25m of granite or gneiss is not uncommon in these big systems so this hole is no surprise. I think this may explain the deepening of many of the drill holes. More waiting for the learning curve to ramp up! I hope investors do not get scared away especially from a good diverse junior like MGJ. Cheers 1King