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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?

To: Mike Gold who wrote (730)	1/26/1999 8:46:00 AM
From: the Chief	Read Replies (1) \| Respond to of 1996

The conclusion is obvious...the property is riddled with indicator minerals but the actual minerals are located 27.3 miles away on someone elses property......or, it was 11 feet away from the drill bit and the drill bit never hit it!!!! The property has copper and the property has gold. Now where is the gold and where is the copper...how much is there, how big/small is the deposit????? The point here is that ARP drilled 47 holes before finding Amable, DFR drilled 30+ holes before finding Voisey Bay....and whether you believe it or not, even MDIN will drill a number of holes that will come up with dirt!! This is all part of a drilling program. One hole "a deposit does not make", 30 holes may not discover the "mother of all deposits". This is why you do IP's and Resistivity work. Otherwise you are really drilling in the dark! the Chief

To: Mike Gold who wrote (730)	1/26/1999 9:27:00 AM
From: the Chief	Read Replies (1) \| Respond to of 1996

Cont'd. To show you how little was known about this deposit prior to drilling, it has now been "discovered" that the copper/gold porphry of Mount Tacho in the South East section is actually a surface structure with "no" overburden. The downdip is believed to be minimal, so the porphry "as it exists" is now believed to have minimal overburden...less than 75m. This is excellent news...but raises questions as to the logic used for the earlier drill program. Or for that matter whether a complete understanding of the structure was known before the Chilean partners forced RKR into a "ill advised drill program"!! This is my impression of the situation so far. I think if RKR had been allowed to follow its own recommendations all of this discussion would have been avoided. however, when buying into a property certain respects for the Chilean partner must be observed, not only for a partnership to work, but also to pacify the political system that exists in the mining communities. the Chief