Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: Re: ...PDAC..
2
Mar 07, 2012 04:20PM

..Bill F, again gave brief summaries on unlocking the Belt. Bill showing off the new core from 077 said the red circle"s showed the vissible gold.I thought he just should have painted the whole core red, it was sure heavy/glittering. Bill said they were finding some rich core under SGI. Exit, last QTR with 1700/1800 tns / day maintaining 6 gr / tn at 97 % efficientcy . Exit December with 8500 oz and expect to maintain 8,500 oz x 12 months for 2012. Cost, per oz comming down with $ 800.00 /oz hopefull by yr end and expect $ 700 / oz cost in 2013/4. San is maintaining a large 6 gr stock pile to supplement as required. Development, at the 2400 / 2600 level seeing new stopes and no new crusher or air raise is required for mining in this area. The main hoist has 2,000 tn capacity and mining is averaging 400 tns /day. Exploration, the PP flowthrough well go into infill drilling which well add alot of reserves to be up to indicated in the new 43-101. Mill upgrades, could not answer my question on permit to 2500 tn /day,.Said they had there hands full with 1800 tns. I quized on higher bulk sampling, seems some two week cylces are higher then others causing there averages to stay around 6 gr. PS: San seems to have develope enough with completed Mill expansion to meet their 120,000 oz goal at $700 / oz..................Traps7

5
Mar 07, 2012 11:39PM
Share
New Message
Please login to post a reply