Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: To the Hoov
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Jun 18, 2012 03:11PM

"And, although I would usually go with the cut grade resource, as this is such a supremely nuggetty deposit, I'm inclined to look to the uncut resource as being more valid."

In truth, Lar, the real figure would likely be somewhere in between. However, it would still require a bit of fudging to come up with 350k oz. With 200 holes drilled over 2 years to get that number, it just isn't going to cut it. You need at least a mill oz to make an economic resource, and IF financing could be raised in today's market, it still means another 400 holes at the present rate to get there.

Remember the heydays, when 6 mill oz were openly discussed on this forum? We're about 5 percent of the way there.

Best regards

K

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Jun 19, 2012 12:54AM
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