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Message: Re: Hmm
Hmm
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Jan 05, 2012 11:24AM
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Jan 05, 2012 12:29PM

Jan 05, 2012 12:48PM

Jan 05, 2012 08:55PM
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Jan 06, 2012 03:33AM
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Jan 06, 2012 09:40AM
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Jan 06, 2012 10:07AM

I pulled this from a Dundee report just to show the difference between known resource and speculation. IMHO what we need is a significant increase to the reserve side of the ledger in order to instill confidence. Remember we are still slightly stigmitized by the past over promising.

Using only potentially economic intersections results in a weighted average grade of 12.5 g/t over an average core width of 4.4m (or true width of 3.8m) for the 007 drill results (and 8.5 g/t over 3.4m (2.9m true) for the L10 results). Taken further, with a strike length of 500m and a down dip of extension of at least 450m, we can suggest the 007 Zone has the potential to host a minimum of 1.3 million tonnes containing over 500,000 oz, or over 1,100 oz per vertical metre (Table 3). We note that the 007 Zone remains open to depth and, given the spatial relationship to the nearby L10 Zone, we would not be surprised to find that additional drilling below the current known limits demonstrated similar depth potential of between 800m and 1,300m. The 007 Zone down to a depth of 800m would imply the potential for 2.3 million tonnes containing 900,000 oz, whereas a 1,300m deep continuous zone could host upwards of 3.7 million tonnes containing 1.5 million oz.

PS

Good find San4life

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