Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

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Message: Re: Barrick sits on the sidelines
7
Jun 22, 2012 04:22AM
11
Jun 22, 2012 04:25AM
13
Jun 22, 2012 05:37AM

So it appears that Dynacor's resource estimate was produced solely by systematic trench and channel sampling. It has never been drill tested (or at least it hadn't in 2003 when this news release was published).

"The resource calculations are based on extensive sampling (trench
and channel samples) both on the surface and within the
galleries. Samples were taken every 10 and/or 20 metres on the
surface and every 5 metres in the galleries. Each sample weighing
between 2 and 3 kg was ground down to approximately 100 mesh and
then analysed by fire assay in the company's laboratories."

So if St. Elias followed the same systematic approach that Dynacor did with their trench sampling program, it's possible - provided the results are favorable - that St. Elias could produce a similar resource estimate from the results.

The difference between Dynacor and St. Elias is that Dynacor is producing whereas St. Elias intends to sell the property, which means St. Elias must prove up a resource if they hope to sell, whereas Dynacor doesn't need to.

21
Jun 25, 2012 12:35PM
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