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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: MilesM who wrote (18891)5/18/1999 3:48:00 PM
From: Jim Bishop  Read Replies (3) | Respond to of 34075
 
And speaking of meat, IT'S LUNCH TIME!!!



To: MilesM who wrote (18891)5/19/1999 1:19:00 AM
From: john  Respond to of 34075
 
chew on this, BUN LETTUCE BUN, NO MEAT

On October 7, 1998, Golden Eagle entered into a consulting agreement with Behre
Dolbear & Co., Inc. ("BD&C") of Denver, Colorado, an internationally-known
consultant to the minerals industry. BD&C agreed to make a site visit to Golden Eagle's
Cangalli, Bolivia prospects and attempt to confirm the presence of gold
at a limited number of sites to determine the suitability of areas of the prospect for
further exploration and, based on the results of the foregoing efforts, generate a work
plan which, if successful, would enable Golden Eagle to identify sufficient resources on
the Cangalli property for mining. Golden Eagle
previously reported the results of work by other consultants, but concluded that the
techniques used by those other consultants may have been insufficient to justify the
calculations made.

BD&C completed its first-phase field evaluation on certain designated target areas
within Golden Eagle's Cangalli gold deposit in October 1998. BD&C advised Golden
Eagle that its field geologist confirmed the existence of gold mineralization on Golden
Eagle's properties. The work BD&C has performed to date confirms Golden Eagle's
management's initial conclusion that earlier studies had
focused on too broad an area within the property and that a greater likelihood of
success could be realized by Golden Eagle focusing on smaller target areas for more
extensive sampling and analysis.

In mid-February, 1999, BD&C carried out a further site review and additional analysis
on Golden Eagle's Cangalli properties. As a result of BD&C's investigation, BD&C
worked with Golden Eagle's management to identify target areas for more extensive
sampling with the intent of identifying sufficient
resources to be considered for future possible mines.

BD&C has emphasized to Golden Eagle that it is not in a position, at this time,
to confirm third party estimates or to make its own estimates of existing or
potential reserves or resources which the property may contain. BD&C's report
on its fieldwork done in October 1998 and February 1999 had just been
received
by Golden Eagle as of the date of this Report on Form 10-QSB, and is currently
being analyzed by the Company.