Baires2 you state.
"4. Possible high grade Bonanza discovery."
For those who may not have read the release....
The Cub Zone is located 3,000 m northeast of the Iceberg Zone, and is characterized by exceptionally high-grade gold values (>100 gpt) within metre-size flat-lying gently deformed quartz bodies that occur within a broader (10’s metre) wide silicified domain. Eight of ten grab samples collected in late 2008 returned gold values ranging from between 0.1 and 100 gpt.
Why can't I turn the italics off?
Finally!
This is based on a very small group of grab samples but: greater than 100 gms/tonne strikes me as a mighty nice find. I think they are trying to indicate by the description of the region in which they took the samples there is potential for between 1 and 10's metres widths of respectfully high grades. If this is so, they have made one very nice find.
100 gms/tonne (which is probably way too optomistic for an average) equates to about $3000/tonne after processing.
P.
