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 : GITENNES Exploration (ase:GIT) -- Ignore unavailable to you. Want to Upgrade?

To: charred who wrote (1046)	11/11/1998 3:05:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 1092

I am not BSing. They have 21 surface holes. That is in their literature. They do not know how to exploratory delineation drilling or feasibilities obviously. This was a problem of experience and competence not a lack of ore. The strike and width on surface and wide zones down below indicate that there is more more than the spotty results and bad core recovery indicate. Did you know that in many cases they got less than 5% core recovery and drilled less than 5 metres a shift? How do you judge an orebody with that kind of data? As a rule, with less than 60% core recovery on half the core you can throw all the rest your core out by any modern standard. It is meaningless and you know it. To define the ore content on that data is not a bad idea, it is fraud. What you and RPA are saying in effect that with a four hundred foot intersection of one tenth of an ounce on surface, that from surface relief we already know accounts for 200 feet in depth, the effect of that mentioned sample is 75 feet on either side and 75 feet deep? Now who is trying to buy the orebody for peanuts? In that one trench there are possibly 3,000,000 tons of .10 ounces indicated. It is evident that Blackwell is content to downplay the orebody while pretending to be gung ho as there is not market money for exansion of what he knows is a diluted company with today's gold price. :) mailto:echarter@vianet.on.ca The Canadian Mining Newsletter