Significant gold resource - Excellent infrastructure

Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.

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Message: Gold Estimates

Gold Estimates

posted on Jan 31, 2008 04:37AM

I have read several calculations on the gold content of this deposit. Be careful when considering these numbers, they are highly speculative even for a resource estimate. Do not think that they are estimates of mineable reserves.

I repeat that the overall picture that is painted by this early drilling is very good and that these estimates can be helpful in gauging the potential of this deposit. Take them for what they are, best guesses, and are helpful in that way.

The drilling is too widely spaced to do better than back of the envelope, first glance esitmates. On that level they are pretty good.

When drill spacing is 30-40 meters then one can move to numbers that have a higher level of confidence. No critisism intended, just a cautionary note.

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