more work has to be done on this Vein system at Cueva Blanca but in a 1999 internal report completed by Geo. George Sivertz an inferred mineral resource was calculated at 2.3 to 2.8 million tonnes containing 190,000 oz of Gold and 945,000 oz of silver. These figures were calculated to a depth of about 90 meters below the surface using a cutoff grade of 0.5g/t gold and 15.0 g/t silver. Back in 1999 that translated into an inferred resource of $62 million dollars.
At todays prices I figure its worth close to $350 million dollars.
Now if you go to our web site and look at what the SLI is recommending happen at Cueva Blanca
1. airborne geophysical survey
2. 3D IP/Resistivity Geophysical survey (Quantec Titan 24)
3.Geological mapping and sampling
4.Trenching
5. Diamond Drilling
Much like Tesoro "THE GOLD IS THERE". Now we need to define exactly HOW much is there.
SLI, the Gift that keeps on Giving. P.S. I stole that phrase from Hog