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Message: Re: Looking Back One Year Ago
5
Oct 02, 2011 08:23AM

I guess we got the bases covered for a mine.

You need roughly 7 g/t for a profitable shaft mine or .23 oz per ton.

You need roughly 1 g/t for an open pit mine or .032 oz per ton.

All of our samples are more than that, and as a matter of fact, multiples of that in some cases. All we are doing now is trying to fgure out how many ounces are on the property. A couple studies done by a potential suitor and they can start to mine this in no time. As I have said before, by doing the bulk sampling, it has advanced this property by establishing a mill grade for some veins and having the important metallurgic work done.

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