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Gold/Mining/Energy : Queenstake Resources (QTR.T) -- Ignore unavailable to you. Want to Upgrade?

To: charred who wrote (1643)	1/4/1999 7:11:00 PM
From: kevin joseph	Read Replies (1) \| Respond to of 2249

Personally,I am not a geologist and therefore can't really argue what makes a mine ie grade,tonnage,type of rock.Is anyone here following this thread a geologist? If so could we get an educated opinion.If these results are really that bad why has Newcrest left a door open? By the way, charred what's your opinion on gnm ?? Let's hope the other drilling programs will bring strong results. Kevin

To: charred who wrote (1643)	1/5/1999 12:07:00 AM
From: Shirley Owen	Read Replies (1) \| Respond to of 2249

Hi charred, I have to take umbrage at your remark, "Shirley, you are dead wrong." I don't mind being wrong, but please not dead, not yet anyway.:-) I guess I didn't make myself clear on the Pierina not being heart-stopping, I meant, when you NOW look at the overall average grade. I'm sure that some of those high-grade holes WERE heart-stopping to see. Where they really "shine" at the Pierina Mine, is the silver credits, which contribute to the incredibly low cost to produce an ounce of gold. I believe it's $50 an ounce. Now that's heart-stopping! Cheers Shirley

To: charred who wrote (1643)	1/5/1999 12:35:00 AM
From: Shirley Owen	Read Replies (1) \| Respond to of 2249

It's me again! Still kicking. I just thought you might like to look at an excerpt from the initial exploration that was done on Pico Machay. "The property is underlain by andesitic and dacitic flows, tuffs and fragmental rocks cut by north-north-east and north east structures which appear to cross in the area of the most intense silica alteration and highest geochemical values. Alteration ranges from weak propylitic around the fringes of the system, through alunite silica and silica clay, into more silica with alunite, strong silica primarily in structures and into the center of the system where intense vuggy silica occurs." Sound familiar? Although the surface samples were not as high as the Pierina's, by any means, the alteration similarities to the Pierina, makes me want to see some more drilling done before I'm ready to say it's a dud. It would be nice to see some D.D. holes to get a better handle on it, although I realize it is expensive. I notice that most of the majors use the R.C. as an initial exploration method and decide later whether it warrants D.D. Cheers Shirley