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


To: the Chief who wrote (11604)7/30/1998 6:45:00 PM
From: E. Charters  Read Replies (3) | Respond to of 34075
 
"I listen to proof that the deposit cannot be drilled because of the instability of the ground structure, yet the peasants are humping themselves up and down long tunnels (they call mine shafts) scraping out a living on 2g/t gold!!"

Actually this condition exists in Peru where Gitennes Resources has a major project on what will eventually be a cheap open pit mine. The hillside sediment will not allow drilling in some brecciated parts of the formation because of quick deformation and collapse, yet tunnels in the same rock are relatively stable!

Will not allow narrow DDH's. But low speed high torque oil rig equipment WILL drill those holes though not cheaply per foot. But it beats not knowing.

If they can mine 2 grams in those tunnels drifts adits crosscuts then there is something to explore at.

EC<:-}



To: the Chief who wrote (11604)7/31/1998 3:31:00 PM
From: Jambo22  Read Replies (2) | Respond to of 34075
 
Hi Chief,

You sure do take quite a bit of time to do your DD. You posted 10 negative reasons for not investing in MINE, if you are neutral, which I believe you said you were, I'd like to see you post 10 reasons "to invest" in MINE. I think you just like to put stumbling blocks in the way until you're done with your DD so that when you DO invest it won't be $30 per share. [And I do believe you will be investing in MINE].

MOO
Jambo
PS. I've already placed my bet