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Gold/Mining/Energy : Major General--MGJ -- Ignore unavailable to you. Want to Upgrade?


To: Steve Joy who wrote (1189)3/14/1999 3:22:00 PM
From: Brian Fowler  Respond to of 1707
 
Steve;

You were right the first time around - I am one of 15 vendors on the property. It was an easy deal for MGJ - not much cash or shares. But my articles have not been to hype the property to make money, since I won't make much on the stock we got. My partner and I have sold over 40 properties in the past 9 years but have had few to get really excited about. This is one of them.

Outside of the main deposit, there hasn't been too much too cheer about in the Hemlo Camp over the past 15 years...until now.

A recent government radiometric survey has identified three large POTASSIUM ANOMALIES in the belt. One is the Hemlo orebody, one is Inmet's Winston Lake zinc mine and the third one is MGJ's Steel River property. What I like best about the property is this area of highly altered rocks. It has all the earmarks of a real big orebody. I think MGJ is going to find one this summer on that property.

Incidently, to answer your earlier questions...there is plenty of rock outcrop and the showing is only 2 km off the Trans Canada highway, of which a 1.5 km of that distance can be accessed by 4X4 bike.

Brian