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Gold/Mining/Energy : Peruvian Gold Ltd. PVO -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (590)	8/30/1998 5:34:00 PM
From: charred	Read Replies (1) \| Respond to of 892

You need much more than that these days. The grade is too low and over narrow widths to be economic, even at 100 meters widths. They note the presence of a leach cap and that the mineralized zone reported in the previous news releases are the enriched zone, or supergene zone. These zones occur below the leach cap. In addition, they report chalcocite in the supergene zone. This is a sulphide mineral very rich in copper. (Cu2S), approximately 82% Cu. This mineral occurs in these enriched zones which usually have higher grades than the hypogene ore. From this, the overall grade of the hypogene must be much less than the enrich zone. Probably 0.25% Cu. What they really need is oxide copper to be economic.