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


To: Mike Gold who wrote (7140)7/1/1998 3:29:00 PM
From: the Chief  Read Replies (1) | Respond to of 34075
 
Hi Mike. Good Post. One question that has nagged me about these "underground workings and multiple shafts" for you!

An excerpt from the property analysis

Quote"
(1) The spotty nature of coarse gold in placer deposits require very large samples (multiple cubic meters).
(2) Preparation and splitting of large samples containing coarse gold would require special screening and fine grinding, resulting in high costs for each sample.
(3) Drilling through gravel containing coarse cobbles adjacent to fine sand, silt and clays would probably not collect representative samples for assaying.
(4) Deep drilling (greater than 300 meters) through conglomerate would require extensive casing, and would be costly.
Enquote

So knowing that you have taken Geology courses, read the above, then explain to me how you can have "extensive mine shafts" in soil that is NOT even AMIABLE enough for a drill? Theoretically with the discription given;

a) conglomerate would require "EXTENSIVE casing (insinuating collapse)
b) Drilling through gravel containing coarse cobbles adjacent to fine sand, silt and clays (insinuating no stable consistency)

the mine shafts should be collapsing, left, right and center?

You said:This question which keeps coming up again about trenching etc. vs drilling is rather silly in this case as the answer is obvious.

It is not obvious to me, comment please!

the Chief