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Message: Re: PDAC
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Mar 02, 2009 02:13PM

If the bulk sample is as good as hoped, then I am sure the small mill will be close behind.



Brian also stated that doing a bulk sample was mandatory to confirm their algorithm for defining resource. Ie. they need to guess what's there and confirm with a sample to determine the accuracy of their model.

So yes, a bulk sample is a forgone conclusion, it's just a question of how soon.

Brian said that the nearest existing 500 t/day mill is in Red Lake. He was also adament that he would not be comfortable building a mine with less than a 500 tonne per day mill and felt that 500-800 would probably be the ideal mill size for Hercules ... call it "educated conjecture"

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It's also important to emphasize that they are extremely intrigued by Millenium West. One of the consulting Geos almost cracked a smile.

They also like the Kaby lake property in BG and 3 others.


Mar 02, 2009 05:07PM
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