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elkomike

07/10/11 3:43 AM

#1973 RE: Mat Basterson #1969


Such a possitive attatude. I like it. The Rock Creek property is valuable. Geologist Roney Long did a report on the property in 76 and he feels it is a silver cap on top of a large gold deposit. The property is just 12 miles due north of the Mikle mine that Barrick owns that just poured its' 15 millionth ounce of gold. And barrick is moving its gold reserves for Mikle to the north. Midas mine owned by Newmont is 12 miles to the west and has about 9 million ounces in proven reserves. The falcon group who ironwood has the lease with will be taking some ore out to mill. We are currently going after the silver because we have high grade vein material at surface 56-600 ounces of silver per ton. We plan to process this to help pay for a drilling campain. If we can prove the gold is there (so far our best assay was 2.95 grams per ton of gold), then barrick or Teck resources might come in and buy us. We have approximately 3 miles of strike length claimed. So I agree with you we need to drill to a depth of 1500-3000 ft to see if the geologist is right. PS 6 of our claims are patended and have produced silver in the past.