...not counted..
posted on
Nov 27, 2012 10:24AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
..the way i see it , looking back here to old 43-101 from 01 to 2004 San had defined alot of tons down below C/D shaft area...The recent summer inhouse 43-101 seems to have excluded alot of this tonage, please correct me on this..PS "OLD REPORT:
Howe concludes, based on well-founded historical estimation practices at the Bissett
Mine, that the mine has measured resources of 539,000 tons at a grade of 0.24 ounces
gold per ton and indicated resources of 728,100 tons at a grade of 0.27 ounces gold per
ton for a total of 1,267,100 tons grading 0.26 ounces gold per ton. Inferred resources total
734,700 tons grading 0.31 ounces of gold per ton. All of the above mentioned resources
are situated above the 4630 Level (5,370 feet below the collar of A-Shaft) of the mine in
the D and C-Shaft areas.
Within the measured and indicated resources, Howe concludes that the Bissett Mine
currently has proven reserves of 351,700 tons at a grade of 0.26 ounces gold per ton and
probable reserves of 550,000 tons at a grade of 0.28 ounces gold per ton for a total of
901,800 tons with an average grade of 0.27 ounces gold per ton. In determining this
reserve base Howe has used dilution, cutting and cut-off practices based on over 38 years
of mining on the property. All of these reserves have development drifts on the vein and
all are accessible on levels within the C and D Shaft areas of the mine.
The proven and probable reserve base is sufficient for the first 4.5 years of operation.
Howe believes that it is likely that much of the existing resource base above the lowest
level of the mine can be upgraded to a reserve category, extending the life of the mine to
eight years.........................................................................................................Recent: one well notice from recent report that the C/D area was not included which would have up the 43-101 numbers substantially, notice most numbers were from the new hinge section and not deeps<?
San Gold Rice Lake Project Mineral Resources and Mineral Reserves, as of March 31, 2012
Mineral Resources | |||||||||
Tons | Grade | Contained | |||||||
oz/ton | (g/tonne) | ounces | |||||||
Rice Lake Mine | |||||||||
Measured Resource | 325,514 | 0.21 | (7.24 | ) | 68,733 | ||||
Indicated Resource | 467,581 | 0.28 | (9.49 | ) | 129,367 | ||||
Measured and Indicated | 793,095 | 0.25 | (8.56 | ) | 198,100 | ||||
Inferred Resource | 1,690,997 | 0.28 | (9.55 | ) | 471,091 | ||||
Hinge District | |||||||||
Measured Resource | 91,377 | 0.19 | (6.51 | ) | 17,362 | ||||
Indicated Resource | 73,630 | 0.21 | (7.09 | ) | 15,232 | ||||
Measured and Indicated | 165,007 | 0.20 | (6.77 | ) | 32,594 | ||||
Inferred Resource | 3,362,500 | 0.18 | (6.16 | ) | 604,604 | ||||
007 Deposit | |||||||||
Measured Resource | 154,090 | 0.34 | (11.74 | ) | 52,772 | ||||
Indicated Resource | 367,900 | 0.22 | (7.63 | ) | 81,882 | ||||
Measured and Indicated | 521,990 | 0.26 | (8.84 | ) | 134,654 | ||||
Inferred Resource | 5,707,280 | 0.26 | (8.91 | ) | 1,483,893 | ||||
Hanging Wall Deposits (Cohiba, Cartwright L13) | |||||||||
Measured Resource | 20,622 | 0.17 | (5.86 | ) | 3,526 | ||||
Indicated Resource | 506,826 | 0.21 | (7.20 | ) | 106,410 | ||||
Measured and Indicated | 527,448 | 0.21 | (7.15 | ) | 109,936 | ||||
Inferred Resource | 3,508,880 | 0.19 | (6.64 | ) | 679,722 | ||||
Normandy Shear (SG-1, SG-2, SG-3) | |||||||||
Measured Resource | - | - | - | - | |||||
Indicated Resource | 387,300 | 0.22 | (7.70 | ) | 86,935 | ||||
Measured and Indicated | 387,300 | 0.22 | (7.70 | ) | 86,935 | ||||
Inferred Resource | 1,132,100 | 0.23 | (7.79 | ) | 257,236 | ||||
Total Project | |||||||||
Measured and Indicated | 2,395,000 | 0.23 | (8.05 | ) | 562,000 | ||||
Inferred | 15,402,000 | 0.23 | (7.78 | ) | 3,497,000 |
Mineral Reserves | |||||||||
Tons | Grade | Contained | |||||||
oz/ton | (g/tonne) | ounces | |||||||
Rice Lake Mine | |||||||||
Proven Reserves | 82,358 | 0.20 | (6.77 | ) | 16,261 | ||||
Probable Reserves | 114,173 | 0.15 | (5.16 | ) | 17,174 | ||||
Proven and Probable | 196,531 | 0.17 | (5.83 | ) | 33,435 | ||||
Hinge District | |||||||||
Proven Reserves | 117,319 | 0.15 | (5.07 | ) | 17,362 | ||||
Probable Reserves | 99,469 | 0.15 | (5.25 | ) | 15,232 | ||||
Proven and Probable | 216,788 | 0.15 | (5.15 | ) | 32,594 | ||||
007 Deposit | |||||||||
Proven Reserves | 216,183 | 0.24 | (8.37 | ) | 52,772 | ||||
Probable Reserves | 426,005 | 0.17 | (5.93 | ) | 73,738 | ||||
Proven and Probable | 642,188 | 0.20 | (6.75 | ) | 126,510 | ||||
Hanging Wall Deposits (Cohiba, Cartwright L13) | |||||||||
Proven Reserves | 23,507 | 0.15 | (5.14 | ) | 3,526 | ||||
Probable Reserves | 111,959 | 0.12 | (4.10 | ) | 13,388 | ||||
Proven and Probable | 135,466 | 0.12 | (4.28 | ) | 16,914 | ||||
Normandy Shear (SG-1, SG-2, SG-3) | |||||||||
Proven Reserves | - | - | - | - | |||||
Probable Reserves | - | - | - | - | |||||
Proven and Probable | - | - | - | - | |||||
Total Project | |||||||||
Proven and Probable | 1,191,000 | 0.18 | (6.03 | ) | 209,000 |