Solid foundations. New horizons.

Free
Message: For the believers.

SPECIAL ALERT: The following excerpts from messages posted at

www.agoracom.com DO NOT TAKE INTO CONSIDERATION THE ASSAY REPORTS TODAY, MARCH 20. There is no way in hell that the revised

NI43-101 won't show significant increases over the first report last August (7 months ago). The updated NI43-101 is expected within days.

Some Analysis of PROBF New Drill Results of 13 March 2012

posted on Mar 19, 12 04:49AM (Log in to use the IP Check tool)

by goldhunter 11

According the NR the "extensions to the mineralized zone of up to 131 meres deeper than previous drilling". I take that as the deposit is now getting wider (increased by about 130m, but from what?). Shall we say, it was 200m and now it is 200 +100 = 300m? This is where other may want to jump in with better interpretation (I have asked Karen for a confirmation, but have not received a reply yet...school break?). Original length was approximately 1600 m, and now it is 2100m. Step out is from 150 - 200 m compared to original width of about 150m (width is now say 300m).

Assuming the deposit is in a simple "shoe-box" model.

Volume of old box: 1600 x 150 x 200 = 48M m3

Volume of new box: 2100 x 300 x 300 =189M m3

Ratio: 189/48 = 4 (Please check my math)

Implies the new NI43-101 could show up to 400% more gold resource

Re: Some Analysis of PROBF New Drill Results of 13 March 2012

in response to Some Analysis of PRB New Drill Results of 13 March 2012 by goldhunter11

posted on Mar 19, 12 10:14AM (Log in to use the IP Check tool)

by LTGoldBull2

I would take 4x Initial Resource, though apply caution,

Volume of old box: 1600 x 150 x 200 = 48M m3 (4.1 Moz)

Volume of new box: 2100 x 300 x 300 =189M m3 (16.4 Moz) at S.G 2.7 and

1 g/t for ease of calculations for Old and New.

Hesitant on the New Deposit Size. L 2100 is a Fact (30% increase), W unsure of these Step out so conservatively use 200m (50m increase), and Depth using 250m (50m increase), as per David's comments near bottom of NR, quote "increases the depth extent by up to 131m in some sections", unquote.

Even so, a more conservative New Box 2100 x 200 x 250 x 2.7 x 1.0 g/t /31.1 = 9.1 Moz. And even with a more realistic lower avg grade of 0.7 g/t is 6.4 Moz

Initially i was only hoping to see +5 Moz for this new resource. If we can see 6.4 to 9.1 Moz and possibly up to and maybe over 10 Moz this would be most spectacular!

Share
New Message
Please login to post a reply