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

To: J. Nelson who wrote (10324)	7/17/1998 10:54:00 AM
From: toma	Read Replies (1) \| Respond to of 34075

Jim - the term "fine" is a descriptive term to describe the (or, in this case, one of) the grain size(s) of the gold in the ore bearing deposit. A placer deposit forms when ore material is liberated from it's original home by weathering processes (rain, snowmelt, frost wedging, wind erosion, etc.) and is transported in water to a new depositional environment (Colleen - million of years not thousands...but it's good to see you get the picture!). The material being transported by the water settles to the bottom of the river as the velocity of the water becomes insufficient to carry it. When this occurs, a wide range of "grain" sizes are transported and deposited within the matrix of sediment. The Tipuani river valley has shown grain sizes ranging from nuggets to fines. The history of mining in the region, as I understand, shows the exploitation of primarily the visible fractions. What GE is claiming is that there is enough gold in the fine size range (i am assuming this equivalent to silt) so as to make it an economically viable mining operation. hope this helps, toma