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Re: Frank Pembleton post# 13824

Monday, 08/08/2005 4:46:19 PM

Monday, August 08, 2005 4:46:19 PM

Post# of 19037
ok, purchased some LRR as a speculation @ US$4.88

Like Mexico, like the chart, but LRR needs additional positive drill results, best I can determine LRR has about 700K ounces at Ixhuatan/Campamento and needs to prove up 1M ounces for viable project -- would have a great IRR given high grade thus far and near surface gold/open pit mining.

All the research reports here:
http://members.shaw.ca/dsk.consulting/lgc/
extrapolated the existing holes to get their 1+M ounces. Most recent holes were not as high grade thus I estimate about 700K ounces proved up thus far at Ixhuatan/Campamento. Resource estimate should be completed by year end -- LRR has 6 drill rigs on site so we should know very soon whether 1M ounces is achievable.

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