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Message: Dale on Radio

In a nutshell and it's very rough:



Patrick Cooney: Update where are you at with the Hinge and explain where you're at with your trip.



Dale: With regards to the Hinge we've been hitting it hard trying to define it further. Holes coming in are consistently high grade which is very rare. Usually there are huge variations in deposits, however in the Hinge's case the deposit is well and evenly distributed. We're in the 2nd stage where we have crossed it and hit it hard with development and are in it and it's what we expected it to be.



Costs roughly: Because it's so shallow and such a high grade concentration per ton of rock - costs are sub $200 an ounce all in for that area. Milling cost $15/ton, mining sub $50 ton. The rock is worth ~ 500 to 1200 per ton. Very good margins.



Plan on the Hinge is to stock pile up to 10,000 ton. Run one batch and nail down the metallurgy, recovery, grade etc.



Hinge ore is being stockpiled now at ~ 200 tpd. Looking at 6 weeks or so before processed.



Starting tomorrow I fly to London England. While series of meetings of 3 days, various fund managers and instuituions.



Same thing in New York this week



Followed by a trip to Zurich for the Denver Gold Group-big meeting



Pretty well positioned. Talks about outright scams in every industry re: Bre X. F



Fact is 1 in 10,000 exploration projects go mining or has the economics. SGR is financed and everything is paid for, politics, permits, etc even add to the benefits of SGR. No political risk. No corruption tax or government crap.



With the current state of the economy, interest in companies like SGR has gone ballistic, and the safer the jurisdictions, the higher the demand.



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