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To: russet who wrote (1829)5/18/1999 5:39:00 PM
From: George S. Montgomery  Read Replies (1) | Respond to of 2514
 
russett:

Your post gives me the comfortable feeling that I am not completely bonkers about this whole business.

When I read the two NR's early this morning, I was glad that I had stayed in the ADP by having switched 15K MEO for 20K MMU a cpla weeks back. It seems to me that 'diamonds' are crapshooters' heaven, with leverage potential that we can dream about. And I can dream.

Here is a conjecture of mine, made, obviously, because I am an ancient with not that many years of longterm mortality patience: Some Major, with down-to-earth analytical capacity, will look at the building raw data from MMU - and say Go For It. This would cut down the two year time you refer to.

Dreams. But not entirely out of the realm of the possible.

george

ps: Thanks, again, for the geological instruction you have been kind enough to give me. g.



To: russet who wrote (1829)5/18/1999 5:46:00 PM
From: Jesse  Respond to of 2514
 
Hiya Russett, George, etc.! -- just getting in. Yes, more good numbers out today! -
From today's NR:

"These results describe the geochemical composition of a horizontal rock unit
(the "P-1 Layer") extending 11 km between Holes 7-D and 9, drilled in
February, 1999. No sample results have yet been received for the 70
metres of mineralized rock that underlies the P-1 Layer in both drill holes.
"

[We await these results to further define the mass/ depth of this deposit, as well
as the pulled samples archived from last year's MMU drilling, etc that may extend
the deposit to many more KM's in dimension]

"Except for gold, which was below detection limit in all samples, all
of the samples are generously mineralized in metals and in elements that
indicate that the host rock has been subjected to the influence of
hydrothermal mineralizing fluids.
A selection of results are contained
in the table below:
High Low Average
Silver (gms) 7.0 0.5 2.0
Boron (ppm) 2470 51 868
Barium (ppm) 810 28 534
Nickel (ppm) 252 24 102
Vanadium 576 39 204
Zinc 476 28 150

"..The results confirm that the 9 to 12 metre thick P-1 Layer is highly
enriched in elements, including interesting economic metals, over
11 km in a north-south axis. The unusual boron and barium
concentrations suggest nearby, possibly multiple, hydrothermal
volcanic vents. Boron is especially significant,
occurring in such high
concentrations in our samples, since it is a very specific component
of many large tonnage zinc/lead/silver deposits, such as the century
old Sullivan massive zinc/lead/silver mine in southern British Columbia.

..Additional samples are currently being processed for metallic geochemistry.
Selected core samples have been submitted for diamond analysis."
__________

__________
Quiet, perhaps a lil delayed, market response today, while the company
continues to move ahead. ;)

All the beast,
-j
:>