Re: June 30, 2010
in response to
by
posted on
Feb 12, 2011 07:45PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Consider all of the new discoveries in the RLM with no update
I believe it is all there except for the Upper RLM.
The Rice Lake Project (excluding the *Rice Lake Mine) database is comprised of 663 holes completed to June 30, 2010 totalling 693,810 feet. The database is comprised of a total of 14,215 individual assays received to date and a significant backlog of samples shipped but not assayed.
*RLM
"The Rice Lake Mine resource is based upon a thorough review of the Company’s production geologist’s current resources estimates and the Author’s prior (George 2006) work on the Rice Lake Mine."
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"The resource Zones in this Area(Upper Rice Lake Mine Area) are not included in the resource estimate. When a decision is made to develop a ramp into the Cartwright area, some of these zones may be included into future resource estimates"
According to the 43101, everything else discovered up until June 30 has been accounted for using the Amine Software:
"The current resources are based upon historic estimates by mine geologists which were based upon drill hole and face sample assays in developed areas coupled with estimates of area and volumes of planned stoping areas. Current estimates (2009-2010) are based on Amine software, which utilizes the same database information, using Amine software based on industry standard digital procedures of 3D modelling of the mineralized zones, creation of block models, and subsequent computations to determine resource grades and tonnages. Grades are based on drillhole data and face samples. Tonnages are based upon an average specific gravity of 2.8 (11.4 cubic feet per ton).
"The resources take into account production to June 30, 2010 and the results of ongoing development and underground definition drilling, particularly in the 98 and 96 Vein structures."