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Gold/Mining/Energy : Barramundi Gold -- Ignore unavailable to you. Want to Upgrade?


To: zebity who wrote (6)9/30/1998 1:03:00 PM
From: Ross Orr  Read Replies (1) | Respond to of 99
 
I am an associate of the fellow who has been financing BAM recently and was invited to the Longline property at the end of August. As a reference check please go to the Rex Diamond site as I was a director of the company and active on SI until the TSE set out the guidelines for company insiders.

The longline property, east of Teck's Pogo mine in Alaska which hosts 4.5 million ounces, sits on the Yukon side of the border. BAM has a camp established with a landing strip and has been conducting IP surveys through the fall. Drilling was planned in September to look for parallel quartz veins below the ones that have been identified. Samples taken of the exposed quartz vein returned assay results of up to 4 oz. per ton. One side of the valley will be the subject of a bulk sample program beginning next spring which will produce in excess of 20,000 oz. It doesn't sound like a lot but due to the simple milling procedure (gravity) it will be very profitable and reduce the need for financings (ie. dilution).

I had the pleasure of meeting Bob Burban, an Australian geologist who has 8 discoveries to his credit. He has some very interesting ideas on the source of the gold that has been placer mined in the Klondike. So much so that he has had BAM stake the majority of the land that sits on King Solomon's Dome near Dawson City. This will be a major exploration project for the company over the next two years as well.

Has anyone heard any results from the Normandy drilling going on in Queensland Aus. on the company's brecchia pipes?

Ross Orr