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


To: Elizabeth Andrews who wrote (1033)3/27/1999 6:35:00 PM
From: the Chief  Respond to of 1996
 
From what i can see, the IP covered this area (green lines)

magma.ca

The evidence of both Cu and Au is based on two things geophysical data and alterations and the somewhat continuous fault that runs in this district. Los Pelambres and El Pachon are large deposit porphries. The proximity to Los Pelambres and El Pachon "one mountain over...valley seperates Coiron from them increase the odds that the mountain range may have been made in the same period and different temperatures. Although Los Pelambres has minimal visibles nor actual gold, we have numerous indicators on the property!! From the little I know of the Silltoe model for a Gold/copper porphry, Coiron fits the model. I have heard this a number of times in the past...all unsupported at this point.

The company remains firm on the fact that the original drilling was for "indicators only. I am not convinced (completely) I think they missed the deposit, plain and simple.

My understanding is that the majors who have signed CA's are now looking over the data and will or will not make a proposal, based on their findings. My bet is that they will (but I know little!<gg>)

So the short answer is...we have a big anomaly...the rest is speculation with little evidence other than what is described above.....but if there were more fact, then it wouldn't be an .18c stock....!!!!

Your opinion?

the Chief