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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (637)	6/24/1998 12:25:00 AM
From: bill	Read Replies (1) \| Respond to of 822

They're all running up against the same thing. They do mags. They get good looking targets. They spend a big part of their budget and they come up blank because something other than kimberlite is giving them the electromagnetic signals. It's not just alberta. The same has chewed up budgets in the NT. It seems worse in Alberta and maybe is because they don't have the same indicator mineral trains. The puzzling thing is that ACA keeps finding kimberlite. They even found kimberlite while plowing a road.They've figured something out the juniors haven't. False signals can easily bankrupt all the alberta juniors. I would have thought the juniors would have used ACA's identified pipes to figure out how ACA is doing it. But, obviously, if it was easy to do that, it would have been done long ago. This time it wasn't magnetic sands that did them in. They hit shale on every hole. Maybe by analyzing the core, they can figure out what is misleading them. It would have been good for all the juniors if LCR had hit kimberlite. The way it is going, people are going to decide that none fo the juniors are capable of finding anything.