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Gold/Mining/Energy : Darnley Bay Resources - DBL. VSE -- Ignore unavailable to you. Want to Upgrade?


To: Condor who wrote (145)4/1/1999 9:14:00 AM
From: billsmith  Respond to of 221
 
Hi Condor: Wow very interesting information. I take it that finding coductors is good news. If they have found conductors in this one area I would assume that the other areas probably have conductors as well so this could be the big one. I thought about the fact that they will do more ground surveys in the other areas prior to drilling. As falconbridge gets a larger % of the first selected area I would guess falconbridge is looking to get the best possbile area out of the whole anomaly and the best way for falconbridge to find out where this area is is to get ground surveys done on all zones(ie if another zone has 10 conductors that are all shallower falconbridge would choose this area.). I did some investigation and apparently the ore at sudbury also runs horizontaly so I think that this info matchs with the modelling the company has been saying. Whats your take on this info? By the way thanks for your last post.
Bill



To: Condor who wrote (145)4/1/1999 9:28:00 AM
From: Willithit  Read Replies (1) | Respond to of 221
 
Spoke to management and gathered the following:

* Three electromagnetic conductors are very encouraging.

* The coverage of the other four zones by gravity and EM surveys will result in a larger number of targets for drilling.

* Interested funding parties requested that at least $5 million be in place for a year round drilling program.

* Falconbridge,to continue in project has to match the $5 million which could result in a $10 million drilling program.

Sounds pretty good.

Will