Re: New Article from proactiveinvestor.co... about St. Elias Mines

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dilengoose

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Re: New Article from proactiveinvestor.co... about St. Elias Mines

in response to

New Article from proactiveinvestor.co... about St. Elias Mines

hogtown6

posted on Mar 29, 2011 11:33PM

Just an FYI, but the author did make an incorrect statement in the first sentence of his last paragraph of the article. It reads:

In mid 2010 Glukstein Silverspoon estimated the resource potential of the Tesoro Gold Project at 5 million ounces, and included the C1 Vein at 2.519 million ounces of gold..

This is not correct as Gluckstein Silverspoon reported a Total Tesoro Project Reserves Estimate of 2,519,151 oz gold in mid June 2010--- not 5 million oz.

Also, the inferred estimate on the C1 vein is 4460 ounces gold--- not 2.519 million ounces.