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Message: Re: October Assays
2
Nov 16, 2011 09:10AM
1
Nov 16, 2011 09:19AM

October assays averaging around 5.5 g/t. Similar to September average of 6.6.

Notice they are now putting dates and units on the assays. Still including that non-standard "total ounces per ton precious metal" figure. The standard way to report total precious metal that I have seen is as Au eq- combining the value of gold and silver and converting it to an equivalent weight of gold- not simply adding the weights of gold and silver. That number may be an artifact of the way the analysis is done, but it shouldn't be reported that way. That's what caused a lot of grief when the mill started up and they reported initial grades of 0.75 oz/ton "precious metal values". That was interpreted as oz/t gold or gold equivalent (the usual way grades are reported), while now it looks like it was actually the combined weight of gold and silver- a completely misleading and useless way to report it unless the gold:silver ratio is also reported.

Also note that the ore source is listed as Belle Peck. I thought they had finished with all the Belle Peck ore, and had switched to processing Oso ore. Belle Peck was supposedly the lowest grade pile they had that they were using while they got the mill optimized. Wonder what happened?

2
Nov 16, 2011 10:03AM
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Nov 16, 2011 10:25AM
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Nov 16, 2011 10:50AM
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Nov 16, 2011 10:56AM
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