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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?


To: Coolbreeze who wrote (1737)8/26/1998 3:27:00 PM
From: Tom Frederick  Read Replies (1) | Respond to of 5908
 
Coolbreeze, the results on gold were clearly showing veins of very rich quality and lots of places where the ore is of little or no value. The average grade for gold recovery in North American is .05 ounces per ton (OPT) If you review all the numbers from the release, you see some very high grade opt, 6.366, 5.787, 3.698 , but you also see low or no grades represented by anything under .04 for example.

Of the numbers provided 3 are over 3 opt, 8 are over .04 but below an ounce, and 23 were of low or no commercial value. Now, in vein mining though, you only mine the vein if possible and those values are very high. The question which will be answered by the drilling is how far these veins go, is the ore filled with them or is the above just a fluke.

The drilling and testing tell the story. Chain of Custody ore and certified results will make the market happy. And a vein rich deposit is just fine. It allows for highly profitable mining of specific areas as opposed to large volume ore processing waiting for the "hot" spots.

Let's see what the testing tells us.

Tom F.