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Message: Re: Strikepoint acquires
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Jun 03, 2010 07:12AM
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Jun 03, 2010 07:26AM

buying production, so now we have our own mill.The Dufferin project is an actual mining lease and includes full surface land ownership. It contains a historic gold mine, a decline from surface to a depth of 100 metres and a 300 ton per day mill. Production at the Dufferin mine formally started in 2001 using a gravity mill circuit. Development extended to the third Saddle Reef vein with most of the production coming from the second Saddle Reef vein. A ramp to the fourth saddle was subsequently excavated to a depth of about 100 m. The 2001 production was reported at 52,172 tonnes of eight g/t material with a reported 50 per cent recovery rate. In 2006, the mill was changed to a gold flotation circuit to reprocess the tailings from earlier mining activities. It is reported that 31,745 tonnes of 1.6 g/t tailings material was processed at an 80 per cent recovery rate. Again, it is important to note that these estimates are historical in nature, were not prepared in compliance with the requirements of National Instrument 43-101, and should not be relied upon....Traps7

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