I presume that abbreviated response to mlsoft (mng) on Saturday was a recommendation or a heads up....
If so, you might find this excerpted PR to be of interest:
Miramar Doubles Depth Extent of Suluk Mineralization at Hope Bay in 2003 Tuesday June 17, 8:02 am ET
Significant Grades And Thicknesses Suggest Potential For Bulk Underground Mining Scenario; Hole PMD227 Intercepts 11.9 G/T Of Gold Over A True Width Of 23.1m (0.35oz/T Gold Over 75.8 Feet)
VANCOUVER, British Columbia--(BUSINESS WIRE)--June 17, 2003-- Miramar Mining Corporation (TSX:MAE - News; AMEX:MNG - News) today announced that its winter drilling at Hope Bay has doubled the depth of the Suluk deposit, extended it along strike and intercepted more high-grade gold mineralization in the new South Suluk zone. "Our most recent drilling results at Madrid, combined with the exceptional deep hole that we announced at Boston in late May (extending the Boston mineralization to depths of more than 1,000m) have already exceeded our expectations for the 2003 exploration program," said Tony Walsh, President and CEO. "We are very excited about our exploration results at Hope Bay and what they mean to our shareholders. The results from the Madrid area are clearly demonstrating that the area is emerging as a major gold district." "While the experience of other Canadian greenstone belts had suggested that there was the potential to extend gold resources to considerably greater depths at Hope Bay, it was only by drilling that we could validate our expectations for Hope Bay," said Mr. Walsh. "Especially significant are the substantial widths and grades encountered at depth at Suluk, such as hole PMD227 which intercepted a true width of 23.1 metres containing 11.9 grams per tonne of gold. These are the kind of numbers that would lead us to believe a bulk underground mining approach may be appropriate for the Suluk Zone at Madrid."
The Suluk and South Suluk zones are located in the Madrid area at the northern end of Miramar's 100%-owned Hope Bay greenstone belt in Nunavut. South Suluk is the most recent of a series of gold deposits and occurrences that Miramar has discovered in the Madrid area since identifying it as a major gold-bearing district in 2001. This year's 20-hole drilling program at Suluk has confirmed that the deposit extends to more than 500 meters along strike and greater than 500 meters deep. This is twice the depth indicated by previous drilling
Miramar is currently preparing its summer program for drilling at Hope Bay. Based upon the exciting results already received, the program will include follow up work at Suluk.
Implications of the Results
The results from the Madrid area, and particularly Suluk, indicate that considerable potential remains to extend gold mineralization to depth, and to discover more parallel gold zones. Most areas within Madrid area have been drill tested to less than 250m below surface, while recent drill results from Boston, Suluk and experience at other greenstone belts in Canada would suggest a largely untapped potential to extend gold resources to considerably greater depths at Hope Bay.
In addition, the significant thickness of moderate to high grade gold mineralization identified over a large area at Suluk warrant consideration of a bulk underground mining scenario for the Suluk Zone at Madrid where the economics of scale could allow the economic extraction of substantially larger quantities of gold mineralization, albeit at lower overall grades than previously considered. The potential economic parameters to be applied to such a scenario will be determined as on-going scoping studies progress and, as a result of these developments, the scoping studies currently underway are now targeted for completion in the late summer or early fall 2003.
Hope Bay Project & Objectives
Hope Bay is the newest greenstone belt to be discovered in Canada, with reserves of 323,000 ounces of gold grading 21.9 g/t, measured and indicated resources of 1.6 million ounces of gold averaging 15.7 g/t plus an inferred resource of 2.6 million ounces of gold averaging 12.3 g/t prior to the start of the 2003 program. Miramar, which acquired its initial 50% interest in 1999, now owns 100% of Hope Bay following the mid-2002 merger with Hope Bay Gold Corporation. "Our latest drilling results are strong indication that we are on the right path with our exploration strategy," said Mr. Walsh. "We are demonstrating the excellent potential to extend gold mineralization to depth, both in Madrid and at Boston, and we are encouraged by evidence that Suluk is developing into a significant gold deposit."
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