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Message: ST. ELIAS MINES SHARE PRICE CALCULATION!!!

jondoe, to help justify your math, here's a small segment off the SLI homepage, and this averaged 0.25 g/T. As well, your math did not include obviously the rest of the Tesoro property, the fact that the anomaly was open @ depth, the Zona Sur & Zona Icognito, as well, all the other Peruvian & Canadian properties.

As well, you scaled back the anomaly in half, then scaled it again by decreasing it by 70%. That's a whole bunch of scaling. To put that in perspective, you could say:

  1. Take half the anomaly
  2. Then take half of the half
  3. Then take almost half of the half of the half

LOL, does anyone want it any smaller? Then you take a $100 per OZ buy price. Mind you, I can live with that one!

Anyway, here's a refresher of the small trenching program they did between Quantec phases:

TRENCHING

Upon receipt of Stage 1 preliminary Titan24 geophysical sections generated in the field, a small trench-sampling program was completed across a geophysical anomaly corresponding to the “structural corridor” in the vicinity of the A4 Vein in Zona Central. Twenty-two 3m-long bulk samples weighing about 30kg each were collected from 3 trenches testing a 100m strike length of the low-resistivity geophysical response. The trenches were aligned perpendicular to the long axis of one distinct low-resistivity anomaly and returned 50 to 1130ppb (1.13g/t) gold across an alteration zone up to 45 meters wide, including economically significant assays of 553 ppb gold across 9 meters (3 samples). The zone tested by trenching is 100 meters long, and further work is required to evaluate the much longer strike length indicated by geophysical responses.

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