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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?


To: Mr Metals who wrote (331)10/19/1998 12:19:00 AM
From: Elizabeth Andrews  Respond to of 3282
 
One hole a deposit does not make. There may be a structural reason for the grade in hole 80. Plus it's only the top interval in the hole that would make this an open pit target and the grade isn't high enough. Plus you can't tell what the orientation of the mineralized structure is. 43% of the value in this hole resides between 94 to 117 meters below surface. The top part of the hole from 43 to 94 meters runs 3.445 g/tn but they don't say how consistent that is or whether there is a high grade zone in there that drives the average grade up.

Obviously, you have to pay attention to the next holes and especially the volume of trading, but I'm not too excited yet.

Where are holes 77 and 78?



To: Mr Metals who wrote (331)10/19/1998 9:58:00 AM
From: Famularo  Read Replies (1) | Respond to of 3282
 
Post says heavy volume continues

Argentina Gold Corp ARP
Shares issued 33,113,389 Oct 16 close $1.59
Mon 19 Oct 98 In the News
The Financial Post reports in its Saturday edition that shares of Argentina
Gold fell 27 cents to $1.59 on the Vancouver Stock Exchange on Friday, on
volume of 2.5 million shares. Market Action columnist Garry Marr notes that
trading in the stock continued to be heavy following news that the gold
exploration company had made a solid strike in the Valle del Cura region of
San Juan Argentina. After bidding the stock up 60 per cent on volume of
four million shares on Thursday, investors drove it down 12.4 per cent on
Friday with volume still almost 50 times the average daily trading levels.