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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: loantech	1/30/2007 3:27:09 PM
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I wonder how the reserve calc and the new assays will look for WGI/WGDF? The brownie zone may have added 400-500K ounces as per last NR. <Drilling to date at Brownie Hill has outlined oxide mineralization measuring 1,300 feet in length by 700 feet in width with an average thickness of 250 feet. The mineralization remains open along strike.> <Significant results at Brownie Hill include oxide mineralization of 0.036 ounces per ton of gold over 230 feet in drill hole WM08 and 0.025 ounces per ton of gold over 300 feet in drill hole WM07, significantly higher than the average oxide reserve grade of 0.017 ounces per ton at Mesquite> new.stockwatch.com Using the size and grade from the NR points to 450K more ounces IMO. To calculate tonnage you might use this formula: 1300 X 700 X 250 divided by 13. That 13 number came from someone who should know but I do not know myself..... 17,500,000 tons. Average grade = est. .0305 ounces per ton =533,750 X 85% recovery = 453,687 new ounces. They added a drill and more results pending. WGI should hit 6-7 bucks by year end. At least that is what Hugh Cleland on Robtv says. WGI/WGDF will be a lot bigger and more profitable than many think at least that is my opinion.

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