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

To: LaFayette555 who wrote (2132)	1/24/1999 10:16:00 PM
From: Rocket Red	Read Replies (1) \| Respond to of 3282

Aren't you short Arp Thats too bad it will cost you big time.

To: LaFayette555 who wrote (2132)	1/24/1999 10:21:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 3282

<<could you estimate what these news results imply in reserves now,>> Will have to work on it. <<this thing could be huge..>> Certainly the higher grades can change the picture rapidly.

To: LaFayette555 who wrote (2132)	1/24/1999 11:36:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 3282

<< could you estimate what these news results imply in reserves now,>> Hole 103 will certainly add between 75000 and 150000 ounces...with the first 100m. As for hole DDA1, well it remains to be seen if all the material is of similar nature and contains large amounts of fines gold that can only be collected with DD. But base on the correlation with RC 80, it could mean 4X more gold ??? IMO, Barrick will now have to react upward. BTW, this problem with the fines is very strange and similar to what Viceroy is experiencing at Gualcameto some 80 meters to the North-West. But for VOY, it is the diamond drill holes that seems to be loosing some fines in the washing. The ratio there is 2:1 instead of 4:1 more gold. VOY is now trying with RC drilling to check if the grades are higher. But several tests done so far seems to indicate that they are. Two stories to follow.