Freekin Afreekan gold.
Nobody has 255 metres of whatever, but 89 feet (27 metres) 0f 8.48 grams/ metric tonne (0.246 ounces per short ton)** is respectable. I just wish they would get a resource and a mining plan. It is not that hard to make money on oxide-hosted near-surface gold of even a few hunred thousands of ounces. A 100,000 ounce of heap leach and rip gold is a mine in Arizona. I don't see what holds a lot of these companies back. They would be worth multiples as producers. Capex is only a few milliards of shekels.
** metres are 3.2808 feet, and grams per metric tonne, are the same as parts per million as there are 1 million grams in a metric ton. To get the olde systeme, multiply grams by .0292. You will get a figure of "troy ounces (of 31.1035 grams) per short ton, (of 2000 lbs). That is because an ounce per short ton is one part in 29,167. There are 29,167 troy ounces in one short ton. Ergo, a gram/million is related to an ounce/29,167 as 1 to 0.029167 You could also divide by 34.285, as parts per 29,167 (OPT) are that much larger than parts per million 9grams per tonne).
No, an ounce of gold is NOT 16 to the lb. Troy ounces are their own system related to apothecary weight*** of grains, drams and lbs, and their ounces are 31.103487 grams, 12 of them to the troy lb. The avoirdupois system or household american system has ounce of 28.349 grams, 16 to the lb. Not close. The gold brick of one hundred lbs is 100 lbs Troy, and about 82.2 lbs avoirdupois. This system of brick weights was started because the Canadian Mint would take no more than 100 lbs of gold at one time for handling and insurance reasons. The bricks had to be heavy enough to discourage theft, but light enough for a man to carry, but not so heavy that they would cause back strain and create an employment medical liability. The mint today however makes refined bricks of 400 lbs which are made so to further discourage theft. The tell visitors that if they can lift a brick, they can walk away with it.
Apoethecary Weight, and/or Troy weight
Ounces are Troy, lbs are Troy. Grams are SI. Grains and
drams are American Apothecary. This systems seems to stem
from the practice of taking gold to a chemist or druggist
to get it weighed, in the days of the California gold rush.
Pennyweights are the olde Britishe systeme, which was used
in Canada up until the mid 1950's by the occasional company.
***
60 grains = one dram
20 grains = one scruple
8 drams = one ounce
12 ounces = one lb
one pennyweight = 24 grains or 1.555 grams
20 pennyweights = one ounce Troy.
one lb = 373.242 grams
480 grains = one ounce Troy
5760 grains = one lb Troy
To have "no scruples" meant to have no gold, or no worth, ergo likely to take some without asking.
Cassidy Gold Corp.: 27 Metres @ 8.49 g/t Au at Sanu Folo, Kouroussa Gold Project, Guinea
KAMLOOPS, BRITISH COLUMBIA--- July 6, 2006) - Cassidy Gold Corp. CDY/TSX is pleased to announce results from ongoing reverse circulation (RC) on its 100%-owned Kouroussa Project, located in Guinea, West Africa. A series of 19 RC holes totalling 1818 metres continue to define mineralization at Sanu Folo at nominal 40-metre drill spacing. Highlights include 6.04 g/t Au over 6.0 metres and 8.49 g/t Au over 27.0 metres in KRC922, 14.46 g/t Au over 4.0 metres in KRC932, and 5.13 g/t Au over 9.0 metres in KRC933. True thicknesses are estimated to be approximately 65% of the reported sample lengths.
Sanu Folo
RC drilling at Sanu Folo during May and June focussed on extending mineralization to the west of previous drilling (see Cassidy Gold Corp News Release - April 27, 2006). Sanu Folo consists of a series of sub-parallel, east-west trending, near-surface, gold-bearing quartz veins and silicified zones. RC holes were arranged on north-south fences spaced 40 metres apart, near the area of convergence between the Sanu Folo and Sanu Filanan structures. An updated drill hole location map will be posted at www.cassidygold.com shortly.
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