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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Macklin who wrote (2808)	2/17/1999 11:43:00 AM
From: Char	Respond to of 5143

Larry I don't know much more than is on the web site about how they were obtained or assayed. >MG Natural Resources's first exploration priority was to systematically sample the project area by placing a grid upon the mountain feature then procuring samples from precise sites. The assay results from this systematic sampling is pictured in Figure "X." An average of all assays is 0.123 oz. per ton. This program has shown that the gold mineralization at Sinagua is widespread and documented. Owing to the three-dimensional aspect of the cone, the sampling survey is an approximation of a potential geological resource that can be calculated. The potential resource tonnage may be in the order of 180 to 200 million tons - not an inconsequential occurrence. With this potential grade and tonnage, your MG Natural Resources Directors have launched an evaluation program designed to test a number of existing precious metal extraction processes as well as a number of newer leach recovery techniques. Several recovery tests upon small samples of about a pound (500 grams) are returning encouraging analytical results, some with gold metal in hand. It is too early to speculate which recovery/process method may prove to be most efficient from among the tests underway, but the record so far is showing great promise that a simple process may finally show the best viability.< Char