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 : Davidson Tisdale Ltd, DDTS, Canadian Dealing Network -- Ignore unavailable to you. Want to Upgrade?

To: DeplorableIrredeemableRedneck who wrote (71)	2/27/1999 12:52:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 87

I was beating him with a rubber hose the other day and I did get him to begrudgingly admit the 262,000 ounce figure, to, I believe, 1000 feet, existed in the proven category, and that is very high grade. It could even go to 1/2 ounce without cutting. So perhaps 325,000 ounces is possible from their figures. He still thinks that the mine is a narrow vein concept. Kweerwan PhD fellah thinks that it is wide and medium grade bulk tonnage concept. I don't know about that, but it is definitely worth considering, as the nugget effect would be considerable there. There is loads of quartz flooding there so it should be a good one to explore. They should drill a lot of holes southeast to define the en- echelon veins and get a handle on the thing. I figure 30 feet wide and 1700 feet long is 4250 tons per vertical foot and that gives 600,000 ounces of 0.15 ounces per ton to 1000 foot depth. Getty never did try to mine it bulk, so I don't know what Jacksin is talking about. (He says they should have mined it more as a cookie jar type of mining operation.) I think that it is purely theoretical that it could support bulk mining, but it cannot be denied from the previous mining experience. It is easy to go off the vein when mining narrow and small tons and go low in grade. Sometimes bulk mining will do much better as it includes all possible ounces over many more tons. More work needs be done as good bulk mines of this sort are rare and very cheap to mine. The gold comes right to hard rock surface and is very rich in spots. LOW COST MILLING IS VERY EASY TO COME BY IN TIMMINS. THIS IS A PROMOTER'S DREAM. (That is no lie contemporaneously in fact) EC<:-}