Re: Open pit mining?
in response to
by
posted on
Mar 16, 2011 01:47PM
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
There is high grade gold starting right at the surface. The grades appear well within a very profitable open pit mine to start. The deeper stuff could be mined later by shaft mining, but I suspect that most of the soil on the Tesoro is mineralized and can be processed economically.
Exeter Resources is a good company to compare the grades and how profitable their mining will be. They have a low grade deposit and I beleive their highest ever gold sample only assayed 3g/t. Yet they figure they have over 20 million ounces of gold in a copper gold deposit only about one 12th the size of the old Tesoro.