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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (5461)	3/11/1999 11:54:00 AM
From: Greg Ehman	Respond to of 5908

Hello... I want to certain that I am understanding everything that is happening here as well. First off, Indocan stated clearly on their web page that they were not trying to QUANTIFY the ore body. It appears that, based on their statements to "continue the drill program" that this objective has changed, and how they are indeed looking for quantities. I'm not trying to be negative here either, but these are my thoughts: 1)The assays from the trenching last summer are surface samples that followed or tried to follow a known quartz vein or other mineral deposit. 2)The assays that we will see shortly are diluted samples. That is, they tried to achieve bulk sampling using drill cores. I know that sounds like an oxymoron, but hear me out... It's clear the drills hit visbile gold, sulfide and quartz viens. Now, if they could mine ONLY those veins, then we would all be rich, but I'm certain that's nearly impossible with this type of mineralogy. So, Indocan is forced to submit the entire (or at least a large portion) of the drill core for testing. Obviously, this will greatly reduce the volume of gold, probably down to less than 1 g/t. 3)Atomic Absorption, cyanide, and Fire Assay tests are used based on the grade of ore. AA generally are used purely for elemental scans, Fire Assay's are the Basic tests, and cyanide, depending on the mineralization can give the most accurate results (I may be slightly confused here, you can double check at www.chemex.com) 4)There's no way around this folks. As I stated earlier, the minerialization of the Meguma Group leads to highly disemminated gold. Now, if Indocan has hig a pocket of concentrated reserves, they'd be telling us about it. I agree with someone's earlier statement when they asked if "indocan was trying to soften the blow". So, I don't think we'll see great assay results. I think what we will see is representative of the ENTIRE ore body, and the what is to be expected if the deposit is mined conventionally. I could go on....but...any comments Cheers Greg