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Gold/Mining/Energy : Exploratory Mining Companies getting ready to EXPLODE -- Ignore unavailable to you. Want to Upgrade?

To: CLK who wrote (15)	6/27/1998 8:42:00 PM
From: Robert	Read Replies (1) \| Respond to of 99

IMO IGCO, VGAA & GDSA all belong under the heading EXPLODE. My reasons are as follows: 1) Intergolds initial testing via aqua-regia leach-direct atomic absorption produced an average of .14 oz/ton. Which if you read the news releases, it is normal industry practice. But since this recovery method was questioned (I don't know by who) they had to devise a different method on short notice. Which was the recovery via cyanide leach solutions after electrolysis, by chiddy precipitation with zinc and then fire assay what they recovered. Which then averaged .03 oz/ton. Keep in mind the second method was from the two new holes which Bateman was overseeing. And they did NOT utilize there initial recovery method which produced .14. Regardless Intergold expects to attain a 60% recovery utilizing the 2nd recovery method vs the 25% which was published earlier. Bringing the average up to around .084. 2) Also your basing the 150mm tons on the original 230 claims that does not count the 91 new claims or the 118 of which they hold a 49% interest in. They recently stated in there latest release The first phase of drilling will encompass 19,000 lineal feet of drill cores, drilling each hole to a depth of 500 feet. The holes will be drilled on 800-foot centers in a grid pattern over an area approximating 6,500 x 2,400 feet, which encompasses an estimated volume equal to 500 million tons. The area represents approximately 8.5% of the entire 331 claimed area. The Company expects to drill a total of 75,000 lineal feet in three phases, with the first phase due to be completed at the end of this summer. The cores will be cut in half with half the cores to be warehoused, and the other half being submitted for assay simultaneously as drilling is conducted. Assay results will be released on a continuing basis along with check assay results. 3) Everything is falling into place they now have NewsUSA, which I have heard (unconfirmed) that they have been in contact with Bull and Bear Fund and Midas (Gold) Fund. As far as a Carlin Trend Intergold said it not me. So I suspect with Dr. Mehrtens conservative attitude, they won't be putting out stuff like that unless it's realistic. As far as which is best take your pick but Intergold is further along. The "odd ore" is no longer a problem, at first they (critics) said it would not fire assay, but they have proved that theory wrong. There is so much more to say about this company but my fingers are getting tired. Sorry if this was to long, Robert...