pg. 5 of 36 - Example of a "Bonanza Deposit"
posted on
Jan 12, 2011 12:33AM
Say an area of 20' L x 10' D x 2" W lies in the 2000' L x 1000' D area between Pringle Bench
and Hillside area. Gold draining this area has been recovered in pieces up to 41.4 Tr Oz (see
back cover) @ 6" L x 2.5" W x 1.5" thick. (See pages 25-29 for some pictures of gold nuggets
draining Hillside Area.) For every total of 20' L x 10' D x 2" W, we would have 20' x 10' x 1/6' =
33.3 ft3 @ 3 ft3/ton = 11.1 tons of 95% pure gold (Nolan gold ranges from 93 to 97% fine or
pure) = 10.5 tons of pure gold @ 2000 lbs. / ton = 21,000 lbs @ 2.2 lbs / kilogram (Kg) or 9,546
Kg at 1000 grams (g)/Kg = 9,546,000 g @ 31.1 g / Tr Oz of Au = 306,945 Tr Oz @ $1300 / Tr
Oz = $399 million (say 400 million). This could be mined and processed in one week. We would
likely double the price if the gold ore is as spectacular as that which was taken by Silverado
below this area. In this case we could cut the ore out of the ground and sell as specimen. Our
gold is most often associated with optical grade hexagonal quartz crystals in a matrix of pure
white quartz-carbonate on this area of the property and as such make an excellent case for
exceptionally beautiful specimens. Gold specimens of this calibre often sell for 5 to 10 times the
value of their gold content (i.e.: museums and collectors).
Therefore, every 20' x 10' x 1/6' or 33.3 ft3 section of ground represents a possible + $400
million in value. In an area of 2000' x 1000' x 1/6' (Model 3 area @ 333,333 ft3), we have 10,010
opportunities of locating a + $400 million ore zone. We suspect such + $400 million ore zones
exist in the area indicated and possibility elsewhere on the property. The largest single nugget
of the 200,000 Tr Oz taken by the old-time miners (back to 1897) was from the Hammond River
area of the property and weighed 136 Tr Oz.
$$ Ka-Ching Ka-Ching $$