Gold-Ore Resources T.GOZ GREXF Message Board

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Gold/Mining/Energy : Gold-Ore Resources T.GOZ GREXF

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From: John McCarthy	3/17/2007 5:27:38 PM
	of 49

Here are the next steps GOZ has to take as posted by the Rock on SH There are 3 steps left, to take us to full production,which is now expected to occur in late summmer/07. The next step in the process is the pre-feasability report. This is an economic and engineering analysis of the ore mineralization, the optimal mining method, estimated mining costs,recovery rates and milling and smelting costs. Much of this information..all aspects other than mining...is known precisely, as GOZ has been milling and selling gold for about a year , using contractor miner. In that report, which will soon be released, we shall get a first glimpse of the selected mining method, expected grades and recoveries and expected mining costs. From this report will flow a recommendation for a major test mining experiment to confirm the mining parameters outlined in the pre-feas report. This test mining is expected to begin in April and will take about 4-6 weeks. Following the test mining, a full feasability report will be done which will set the stage for the decision to complete the acquisition of the Bjordal mine. That should happer in June. Following that and assuming a positive review, mining will then be fully ramped up.. stockhouse.ca

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