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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?


To: Peter Bourgeois who wrote (1955)8/23/1998 10:47:00 PM
From: VAUGHN  Read Replies (1) | Respond to of 7235
 
Hello Peter

When I spoke to LB last week he indicated that they had not had any trouble in their neck of the woods in some time. I gather their security is considerable and the general feeling is that the attacks in the area are more in the style of bandit raids rather than guerilla warfare. I gather the thinking is look mean, nasty and ready to party and the bandits will choose easier targets.

LB indicated that they were stockpiling at the two alluvial and fluvial operations in anticipation of the rainy season in November, and have no plans nor inclination to cut and run.

If UNITA is backing the Congolese rebels, that seems to suggest a source of their arms. Question is, who is supplying those rebels and why? Follow the $$.

On the question of possibly using a barge up here, LB indicated that it was not feasible right now. It would take at least a Hurc. If not a larger plane to get one in there and Munn has no glacial eskers in the area that can be graded into an air-strip. The biggest fixed wing that is going in there is a Twin Otter and you are not going to get much of a barge into that.

Apparently, it would still be cheaper to winter drill with the burn rate that implies, than fly a barge in over the winter for drilling during the summer.

On the matter of gravy, Lee indicated that if the Munn kimberlite mud proved to be very thick say 15 feet or more and contained the concentrations the Yuri mud did, then it probably would be worth SUF's while to process it as well when ever they actually start clearing away lake sediments to get at pipes. If its shallow and/or proves not to be so high grade, then forget it.

The M-1 overburden is less that than an actual surficial enrichment. Apparently there is very little topsoil there and what has occurred is the weathering of the pipe's surface over the millennia into a layer of heavier minerals, the lighter components having been swept away by wind and rain. There is not much of a slope to speak of around the pipe which sits fairly close to the edge of the DB shared wedge of claims within the 100% SUF/RG larger Marsfontein farm claims. Judging by the apparent closeness of the M-1 to the edge of the share claims, if there are extensive benches of high grade material, it would appear that they stand a good chance of being at least in part on 100% SUF/RG claims.

Regards