Letter to the Editor LAC only just starting along the 04 Break

The 04 Break has been displaced some 400 ft by the Amicougami fault. This means that LAC has to drift first across the Macassa/Kirkland Lake West boundary, and then head South approximately 400 ft, parallel with the fault, until the 04 Break is encountered. If drifting only progresses 200 ft per month, it follows that the 04 Break cannot be encountered until at least two months after the boundary is crossed.

According to my information, the 04 Break was encountered on the 6,450 level in about September 1988, on the 7,050 level a couple of months later, and only recently on the 5,878 level. It is therefore ludicrous to suggest that Hugh Harbinson has been waiting for the phone to ring (from LAC) since June 1988 — it just doesn’t make any sense. The result released in June was a drill hole, drilled ahead from the 6,450 level. It was an isolated probe, and the thrust of the program since has been to drift into the Queenston property.

It is inaccurate to state that “it is now nearly five months since LAC began drifting in the Main break,” when you mean that it is nearly five months since LAC crossed the common border. If drifting is progressing at about 200 ft per month, and LAC has progressed 300 ft on the 04 Break on the 6,450 level, 40/50 ft on the 7,050 level, and nil ft on the 5,875 level, how many months do you figure LAC has actually been in the Main Break? Try your calculator. The truth of the matter is that LAC is only just starting along the 04 Break.

You can see what a downer a bad article can have on the stock price, and it is particularly annoying when the article is misleading into the bargain.

You (almost) got it right on page seven of the same issue, in the Stock Exchange section, when you pointed out that it was almost five months since LAC drifted across the boundary, but, as I have explained, merely crossing the boundary is of little significance. David Doig Grafton, Ont.

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