Sculpin :Is it stated anywhere that the Deposit contains one million ounces, or is it speculated?
There is absolutely no eveidence (that I could find) that suggest the deposit contained one million oz of Gold. There is a good history on the deposit in the Technical Report completed on the Property by A.C.A Howe Int. Ltd in April 15 2003.
In 1994 Kennecott had entered into a exploration and delevopment agreement with Milagro. In 1995, after their drill results had been received, kennecott calculated a resource of 515,000 oz
In the Geomaque Explorations NR of April1 2002 they state"
"Proven and probable reserves, at December 31, 2000, were reported to be 5,100,000 tonnes at 2.51 g/t or 410,000 ounces. However, a revision of the geological model based on an analysis of the results of mining to date and changes in the economic and technical parameters used in the original feasibility study and mine plan of November 1998 have now resulted in a 53% reduction in the reserves previously reported, net of tonnes mined to the year-end. The mineable reserves as of December 31, 2001 are now estimated at 2,130,000 tonnes at an average gold grade of 2.47g/t or approximately 170,000 ounces."