minefinders.com - easier to read in this form
minefinders.com - there's the previous one
04/06/98 - "Grade-tonnage tables were tabulated for gold, silver, and gold-equivalent blocks above cutoff grades of0.3 g/t, 0.5 g/t, 1.0 g/t, 2.0 g/t, and 3.0 g/t. Only the 0.5 g/t AuEq cutoff is presented here although the 0.3 g/t and 1.0 g/t AuEq cutoff grades will be considered during the economic evaluation of the deposit."
18/08/97 - "At 0.015 oz/ton cutoff: 27.84 million tons; average grade of 0.038 oz/ton (1.3 g/t) gold and 1.38 oz/ton (47.3 g/t) silver equal to 1.56 million ounces of gold-equivalent
At 0.008 oz/ton cutoff: 43.46 million tons; average grade of 0.028 oz/ton (0.096 g/t) gold and 1.05 oz/ton (36.0 g/t) silver equal to 1.8 million ounces of gold equivalent."
After a grand total of ten minutes studying it, I'm confused too, but it does sort of look like they upped the cut-off. A more conservative approach for public release, maybe. See how they explain how they work out 'gold equivalent'?
I sure like their style, the amount of detailed info they put out, but it looks like we're going to have to learn geospeak to understand it. No time for that here right now. The market wasn't totally impressed, but I'm not sure that means much, as 'Sell the news' is more and more the trend in the juniors now. Not important to me personally as I see this one as a buy-and-hold, two-year term roughly.
It'll be interesting to see what Claude has to say ......... cheers ...... marcos
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