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


To: Nathan Hansen who wrote (818)10/29/1998 9:11:00 PM
From: Famularo  Respond to of 3282
 
Complete results from hole 84

Argentina Gold Corp ARP
Shares issued 33,113,389 Oct 29 close $3.47
Thu 29 Oct 98
Mr. J. Patricio Jones reports
Complete assay results have been received for hole 84 drilled on the Amable
target at the Veladero project in San Juan, Argentina.
The results that have now been received have increased the high grade
intercept to 126 metres of 2.66 grams per tonne gold and 22.77 grams per
tonne silver. This intercept includes a 64 metre interval of 3.4 grams per
tonne gold and 21.05 grams per tonne silver. The entire length of the hole
was mineralized. Details are in the following table:

DEPTH INTERVAL FROM-TO AU AG AU EQ
(m) (m) (m) g/t g/t g/t

324 126 98-224 2.66 22.77 3.12
Incl. 64 160-224 3.40 21.05 3.82
100 224-324 0.43 8.86 0.61
Hole 84 was drilled 100m south of hole 80 which returned 212m of 3.67 g/t
gold and 47.71 g/t silver. The holes drilled to date at the Amable target
indicate a NNE strike in excess of 300m with a width along the section of
holes 76 and 82 of 200m. Drilling is continuing to the south and west.



To: Nathan Hansen who wrote (818)10/29/1998 9:15:00 PM
From: G.T.  Read Replies (4) | Respond to of 3282
 
REALITY CHECK
Initial target size 900m by 300m by thickness ? or 100 million tonnes approx.
Drilling to date 300m by 200m by 150m or approx 20 million tonnes at 3.07g or 2million oz gold. Thickness and grade continue to fall farther away from hole 80. Outlook maybe another 2 million oz at 2g or a gold resource of 4 million oz at 2.5g nice deposit.
Factors to consider gold recovery 75%, silver 60%
60% interest in property.
Summary: This zone will allow Filo resource of 2.5 million oz to be mined as well. Total resource 6.5 million oz X .75 X .60 = 2.925 million oz gold to Argentina Gold plus silver credits.
Everyone is using $25 per oz so approx $75 million U.S. or $115 million Canadian. 37 million shares at $3.45 Canadian = 127 million Canadian. Stock price reflects full value of property if another 2 million oz gold is found.
Reason to buy at this price 1) upward momentum
Reason to sell 1) price has discounted successful drilling
Reason to short None, price has not put to much of an excessive premium on the stock yet.



To: Nathan Hansen who wrote (818)11/12/1998 2:30:00 AM
From: Michael M. Cubrilo  Read Replies (1) | Respond to of 3282
 
Nathan, "... heard $5.00 on this hummer in the next few days." That was Oct. 29 Hearing, hoping, wishing, etc...... there is a pattern to trading junior stocks. Why should ARP be any different? The pattern is the same on this puppy.

EC ---- I enjoy many of your posts. I was a KRY shareholder 3 times. Never lost money. Look at that chart! Where are we today?

Congratulations to those who read the play correctly in the early stages and have sold the majority of their positions.

RKR and YRI seem like better busses to board now.

Mike