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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: Scripts who wrote (492)11/28/1999 7:06:00 PM
From: Claude Cormier  Read Replies (1) of 4409
 
ED,

A hard question to answer..here is why.

The test indicates so far that the recoveries are higher when higher grade is processed. The Bottle Roll tests gave these indications:

1) High Grade ore above 75 meters: 74% silver recoveries
2) High Grade ore below 75 meters: 70% " "
3) Low Grade ore above 75 meters: 67% " "
4) Low Grade ore below 75 meters: 58%

The average of these 4 tests is 67% (gold is 89%) which average to 70% silver equivalent. And this is the number that has been used in all analysis.

But you will notice that the deposit is primarely high grade and that the average silver grade is probaly between 70-74%. The company is conservative in taking 70%, because these tests are small scaled and used chips from RC drilling.

I feel (hope) that the average should come very near 70%.

Claude
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