Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Good, Great of Bad numbers... first, ask the Hoov... but

Good, Great of Bad numbers... first, ask the Hoov... but

posted on Feb 08, 2010 01:35PM

remembering the information we have gleaned, I believe that anything at 5 grams or higher would be fantastic, and I think the market would agree... Here's why:

How many tons of rock do we have. I already did that calculation based on the dimensions given and only based on a 20 meter deep deposit. I have been corrected by Justice who has informed me that they have indeed drilled down to 300 meters and the gold grade is consistent up to that depth. Now, based on THAT information and replacing my calculations already done, I will explain why 5 grams/ton will be a really good thing...

"120 X 80 X how many meters deep is this vein??? I thought I heard a ridiculous number somewhere of 300 meters, but that number is just too good to believe, so don't believe it unless you can find it in writing somewhere. Just the 120 X 80 X 20 meters deep would give you 192,000 cubic meters of quartz to work with with an approximate tonnage of 768,000 tons of material based on 4 tons/cubic meter formula... 768,000 tons X 8 grams/ton is 6.144 million grams divided by 33 grams/ounce, or 186,182 ounces of gold in them thar hills... times $1100/ounce if gold holds it's value... a really great start to all this gold exploration, and, that's only looking at 20 meters deep for this anomoly!!! I KNOW it's a lot deeper than that, I just can't remember where I read it or from who I heard it !~!~!"

Now, let's rework the formula again and with the correct dimensions and with 5 grams per ton...

120 X 80 X 300 deep equals 2,880,000 cubic meters X 4 tons/cubic meter - 11,520,000 tons of quartz times 5 grams/ton and divided by 33 to get an ounce. This gives you 1,754,545 ounces of gold. I believe that if gold keeps it's value, this 1 3/4 million ounces of gold will become VERY valuable. Couple that with the other geophysics that they are doing with the "POTENTIAL ONLY" of adding 3 other zones that have similar geophysical signatures, you have the makings of a very exciting play, if you like to play with very simplistic numbers (which are the only kind of numbers that I understand).

This is why I think that 5 grams/ton is a very good cutoff number. Even 4 is still giving you 4/5ths of that resource estimate... or approximately 1.4 millions ounces of gold. These are very good figures in my guesstimation... it only points the way for this stock to continue in it's upward direction, in my humble opinion... a resource estimate between 1 and 2 million ounces of gold is NOTHING to sneeze at... and if the other areas have ANYTHING of substance there............... well, work it out, you'll probably like it :-}

God Bless all Golden Shareholders.

Herb

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