To: Chuca Marsh who wrote (1802 ) 5/10/1999 6:44:00 PM From: Jesse Read Replies (1) | Respond to of 2514
Hi Kids. Just got in-- stock weak again today, as impatienters sell out, I guess... It's a waiting period (sure not as fun!), as has been iterated here. One such example, this one from the prez [04/28]:Message 9305374 "There is two or three weeks of dead time now, while the results come back and until the Chinchaga dries out. We are taking this opportunity to do light work on some of the reconnaissance projects." ========== - President Boulay is still on the road, last I heard, so I presume we continue our wait. For any who desire to review, just thought I'd re-post what Rick provided earlier (@ the same link as above): = = = = = = = = "Our metals play is very young, 6 weeks or so, but is coming on strong since stratigraphic correlaration along one axis is already 21km and will likely grow as we follow the unit southward. We anticipate, but certainly do not guarantee, based on general geological principles and an in-depth working knowledge of the area, an N-S axis in excess of 90km. We have taken samples and have exhumed archived samples and they are being processed. We'll see. "Our geochemical grades are very high, except for gold, compared to the other Alberta metal plays. Of course, we only have 11 samples so far. It will be interesting to see how the two plays develop, either independently or geologically related to each other. If there are any budding mining analysts out there it would be interesting to see comparisons of the players on a market cap basis, a potential tonnes basis and on a metal grade basis as the play(s) develop. Marum might compare favourably. ..Thickness of Horizontal Layers "There have been some excellent informed technical discussions on the Marum SI thread. Regarding the metallic mineralized layer, I should point out that the upper one, and best visually mineralized one is 5 to 10 metres thick. However, there is mineralization extending well over 70 metres in thickness, with some very high numbers coming from samples which did not look very interesting in terms of sulphide mineralization. Early indications suggest that a "thickness of interest" of at least 70 metres has been defined. My guess is that it is somewhat thicker, based on visual observations. " = = = = = = = = = = = Time shall tell us! Cheerio for now, -j :> PS, see this post also, re. "timing of sample results":Message 9209649