Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Free
Message: 43-101 Significance

Hey there, sorry WOXOF for the numbers (or lack of), but after those posts went missing, and those first few days were wiped out, I had replied to one of Sculpins posts (comparing Exceter), and in there I had listed the total anomally volume (excluding the original big Ovoid) and left everyone with their own calculation, cause I did not want to type in the final OZ number (just seemed too big & unreasonable, or is it?)

Here was the old post though:

Good post Sculpin. It's really too bad we lost the posts from last night, because the post Hog & Sculpin put on about holding shares tightly was worth reading at least a few times.

Anyway, about your numbers from Exceter:

They had 1316 MT @ .5 g/T (that would be 1316 MT X 0.5 g/T X 1OZ/31.1 g = 21 Million OZ)

When I add the volumes of our 18 drill targets I get 1391.5 MM3 X 2.5 T/M3 = 3478.75 MT

(And, remember the Ovoid is not part of the drill targets, and many of the anomallies, especially T8, are not close to the depth they might be, IMO) So, it should be much larger. But, for now, we have more than 2.6 times more, and I think we can all agree we will average higher than 0.5 g/T. (lets say we have 2 g/T, which should be very low, so 4 times more the grade of gold)

So, 2.6 times more T, and 4 times more grade = a factor of 10.4

You do your own Math:

10.4 X 21 Million OZ = ????? (I don't want to type it in)

They did not use the Ovoid formula, so remember the numbers will seem twice as large as we would normally post. So I know, even if you use the scaling formula, it still seems too high to be true, right?

Now, go review the Homework post, where I talked about the drill hole H26 on line L5750N, and what looks like it is going through the same area as the 2010 Verification samples of 182 g/T & 185 g/T in that deep red color, and down into that deep red anomally. I'm thinking the 2 g/T we used is quite conservative. Review all those lines from the report, there is more deep red, and purple colors than you can ever imagine!! I've reviewed it about 20 times now, and it seems to get better every time!

Permit soon, 3D Image soon, Drilling soon, Excitement soon, 2011 very good year, IMO

BOW2U

Share
New Message
Please login to post a reply