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: Hard Assets SF

Hard Assets SF

posted on Nov 25, 2008 09:19AM

Well the news is good, no better than that. My estimate was aropund 5 Million Au-eq OZ and we are slightly above that, nice.

The news is good, the market is worse than bad.

I will be attending the SF show on Sunday and will be asking questions of the CPQ group;

What type of metallugical tests are being run? Does this include a grain-size particle test for the oxide zone? What is the tenor of Cu values in the deposit? I want the location of the 2 holes to the SW (UTM) so I might place these holes into the property map. On the conference call they indicated the intention to start a prefeasibility study for the deposit, the next step in moving towards a mine; are they entertaining any site visits by interested suitors? The resource estimate capped the gold grade at 9g/tonne, were there any significant number of assays capped at this value? Do the variograms indicte a 20-30 m ideal drill spacing for reserve estimates? it seems that 50 meters is a little too far spaced, estimates using a 50 m spacing were in the indicated catagory. What will the 43-101 cost. What is it estimated that the prefeasibility study cost. Will there be a new PP soon? When will the release some of the GP from other targets?



Any other questions you may have, let me know and I will ask REASONABLE questions.

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