Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MiKe who wrote (3710)	10/29/1998 12:29:00 PM
From: Steve Stakiw	Read Replies (1) \| Respond to of 4057

Mike, Fairmile Gold has conducted extensive drilling to date on the Buffalo Valley project. However, a feasibility study has yet to be done. The resource of just over 600,000 ounces is just that, a resource. It cannot yet be technically classified as reserve. The scope of the work to date has been extensive and includes approximately 200 drill holes on the property by Fairmile and partners. To take the project to feasibility stage would require further drilling (increased drill density) to provide a higher level of confidence in the estimate and examination of specific blocks to determine the economics, etc. As such, it is not yet possible to give you an estimate on the amount of the resource which is presently economic. Fairmile Gold is continuing efforts to secure a joint venture partner for the Buffalo Valley project. Thanks for the good question Mike. Regards, Steve

To: MiKe who wrote (3710)	10/30/1998 8:50:00 PM
From: JJ	Respond to of 4057

<<How much of the 600,000 ounces of AU is known to be economical?>> Very little to none which explains shareholder manifestation to the stock price.

To: MiKe who wrote (3710)	11/3/1998 1:12:00 PM
From: Steve Stakiw	Read Replies (3) \| Respond to of 4057

Buffalo Valley Project Summary of the 1998 Drilling Program The summary of the 1998 drill program on the Buffalo Valley project has been completed and is now available for viewing on the Fairmile Gold website at fairmile.com The summary and associated figures can be found at fairmile.com Conclusion The geologic model that has been applied at Buffalo Valley continues to be successful in locating additional gold mineralization cost-effectively. Several potential "feeder" faults have been identified that project into the gold zone at Target L. Extending magnetic coverage over the western portion of Target L may delineate other "feeder" faults. Further drilling along these structures should significantly expand the resource at Buffalo Valley. It is recommended that Fairmile seek a joint-venture partner to fund delineation drilling on these well-defined targets.