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 : Maracote International Resources (VSE: MCE) -- Ignore unavailable to you. Want to Upgrade?

To: John Fairchild who wrote (15)	12/11/1998 6:38:00 PM
From: John Fairchild	Respond to of 339

I posted the following at the Stockhouse MCE thread. They are on hole #4 with a second drill rig being added in Jan. The stock is being distributed by MCE (McDermid) more crosses today. They will not allow the stock to be runup for daytraders. MCE controls 80% of the stock and will suppress any runup that will cause volatility. You can see this in the trading the last two days by how house 52 will cross, then when the stock starts to break out they sell to hold the price. The stock will be allowed to climb slowly in an organized fashion to maintain stock in firm hands. Regarding what they have hit so far - the same rock has been intercepted in drilling that was sampled on surface and in adits. They are pleased with the large intercepts but would not elaborate as this information is not public. The first drilling was to be set up between the adits and drill horizontally into the side of the hill but the helicopter could not get close enough due to the overhang left from mining out the side of the hill. So they setup on top of the hill and drilled down towards the adits from above. The second hole reached its target depth of 280 - 300 m. No detail on hole three except it was from the same drill pad as 1 and 2. Hole 4 is about 50 meters away. Infrastructure is good with road access right to the property. Looking at staking the surrounding properties. John