posted on
Feb 04, 2013 04:55PM
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
Message: Re: News
Yes, as you can see, very profitable and high grade veins, quick easy money. Very amazing grades from the C-2 vein,imo.
Taken from an older news release;
Lori McClenahan, President of St. Elias Mines Ltd. (“St. Elias” or the “Company”), is pleased to announce that an additional 13 tons of bulk sample material has been processed and has returned an average grade of 2.02 oz/t gold. The sample was obtained from the C2 Vein at the Tesoro Gold Project (the “Property”) located in southwestern Peru and is part of the Company’s ongoing underground exploration program.
The bulk sample material was extracted from the C2 Vein. The bulk samples were processed at the milling facility of Dynacor Gold Mines Inc. located immediately north of the Property. To date, a total of 17.1 tons of bulk sample material averaging 2.94 oz/t gold has been extracted from ongoing underground exploration development at the C2 Vein at the Tesoro Property including 4.1 tons averaging 5.84 oz/t gold and 13 tons averaging 2.02 oz/t gold.
http://steliasmines.com/newsrelease/bulk-sample-taken-from-c2-vein-returns-average-grade-of-2-02-ozt-62-83-gt-gold/
I believe the C-3 VEIN had bulk samples sent in June 2010, and almost 3 years later, no report when the news release says two weeks for results. If I am not mistaken, I believe there was some historic data that may have suggested the C-3 vein may be the most consistent and highest grade on the property at that time. Here is the NR below, but also take note in that NR where it is stated that the C-2 vein " To date, 63 tons of bulk samples have been processed from the C2 Vein with an average grade of 2.04 opt gold."
"The Company is now taking a bulk sample from the C3 Vein at Zona Canchete, which is a narrow but high-grade (+- 1.0 oz/t gold) vein paralleling the C1 Vein, which has been described in previous news releases (average grade of 0.99 oz/t gold based on milling of 451 tons of bulk sample.) The grade of the bulk sample from the C3 Vein should be available within the next two weeks."
http://www.theglobeandmail.com/globe-investor/news-sources/?date=20100408&archive=tnw&slug=17180
IMO
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