Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sso who wrote (9852)	7/14/1998 8:56:00 PM
From: Cytotekk	Read Replies (1) \| Respond to of 34075

SSO - thanks, I thought that drilling data had been obtained and that drilling could only be effectively done in certain areas due to the placer deposit of gold in the valley. GE purchased a drill, but found it a rather useless tool due to the unique nature of the gold deposit. From what I can tell, mother nature has mostly done the drilling, trenching and mining and has created the shear cliffs and mountain slopes in the process. (Been to the Grand Canyon? I have.) Nature has dropped its golden providence down to an accessible number of feet above sea level in the form of what we lovingly call a Placer Deposit on this thread. Sure, there is gold above and below the riverbed, but the valley has the gold that has been concentrated by thousands of years of erosion. A simple concept. The gold is there. How much and how economically it can be extracted is left to be seen. Colleen in Orlando.