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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: Pretium Resources
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Oct 22, 2013 01:41PM
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Oct 22, 2013 07:21PM
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Oct 23, 2013 07:52AM

It seems there are now 3 separate law firms lining up for Pretium

I'm not sure what to think. It's not really disputed that there is gold, possibly lots of it, there. It seems the disagreement is more about the way the results of drill cores are being interpreted and applied to make a resource estimate

I am no geologist, but it doesn't take much common sense to understand that a resource estimate is based off of drill results and someone trying to interpret the underlying structure of the deposit/veins. What I don't get is that - as far as I have read - Strathcona wanted to use data from some drill holes, but Snowden wanted to wait until the 10,000 tonne bulk sample was processed before determining a (new?) resource estimate.

To me, it make sense that processing a bulk sample is a much safer way to approach it when dealing with thin veins of bonanza-grade gold. If anything, using drill hole/tower results alone appears to me very risky. Am I completely missing the boat here?

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Oct 23, 2013 08:19PM
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Oct 23, 2013 11:12PM

Oct 24, 2013 01:17AM
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Oct 24, 2013 08:40PM
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Oct 24, 2013 10:38PM

Nov 07, 2013 10:05AM
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