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Harris Exploration Inc
From: |
bug-gfe |
Subject: |
Harris Exploration Inc |
Date: |
Tue, 27 Feb 2007 19:09:56 -0060 |
Investors spend a lot of time looking for the big names in gold and silver
mining stocks, but there's plenty of glitter to be found in taking positions in
a host of lesser lights, if one is willing to put up with a higher level of
risk.
Last headlines.
GUAYAQUIL, ECUADOR--(MARKET WIRE) -- [H]arris E[X][P]ploratio[N] Inc., (H'X'P'N
- News). The geographic situation of the Balsapamba property is identified as
the Balsapamba Parish, Canton San Miguel de Bolivar, Bolivar Province in the
Republic of Ecuador. The property is described as a polymetallic property,
indicating the presence of several various mineral resources which have been
divided into five mineralized sections. The blocks are identified as
Andres, Juan, Gilbert, El Cangrejo and Diana.
The UTM coordinates are PP. 9.804.800 N 702.300 E
9.805.800 N 702.300 E
9.805.800 N 703.600 E
9.804.800 N 703.600 E
An excerpt from the 203 page "Report on the Mineral Exploration in the Bolivar
Area, Republic of Ecuador" authored in March 1991 by the "Japan International
Cooperation Agency, Metal Mining Agency of Japan" identifies the Balsapamba
area as a "Macuchi formation of late crustaceous and granitic rocks of
Oligocene to Miocene that intruded into this formation."
A more recent internal polls shows that indications of a hydrothermal
alteration of siliceous character with epidotic, chlorite and sulfide
mineralization in big concentrations, has had interaction with the andesite
mineralization present. The primary direction of the mineralized bodies N.
35 W. evidently would be converging toward a centre among the benchmarks 870
and 900 and in proximity to the intrusive body; Preference in the block Andres
were at the level of the river, 10 mineral bodies of 2.30 meters of thickness
devided with cuarcitas and andesite blocks have been detected with disseminated
sulfides and veins smaller then Quartz pyrite.
The Company is currently working with Minera Cristal partners to define a
budget and initial project. Further news on this and other corporate progress
is expected soon.
Scott Wright of Zeal Research, says: "Within the gold-stock world though lies a
sub-sector that is not represented by an index and really has no boundary on
its potential ... An early phase of exploration in which many juniors reside is
called greenfields. Greenfields exploration is the poke-and-find way of
exploring a broad target area that has initially favorable geology with little
or no evidence of mineralization. This is probably the most important phase of
exploration in the gold industry as it is ultimately responsible for its
longevity."
Grab HX PN today, find yourself tomorrow and earn beyond tomorrow.
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