SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: E. Charters who wrote (8759)4/2/2006 3:16:25 PM
From: ogi  Read Replies (1) of 78416
 
Hi Eric: I have no idea what costs are at this point, too early. I would say that the bulk tonnage potential is clearly indicated in the drills at Rory's Knoll and Aleck Hill. 150m intercepts of 3.5 g/t generally lead to economic development.I know you can get a clear idea by looking at results to date. They are now drilling 1,000 metre holes and have intercepts down over 700 metres I believe. Should be drilling a Rory's Knoll look a like as well. They have a river for a highway, there are two former mines on the property. I am only aware of Cambior mining in Guyana but at much lower grades. Power? not sure. It will need size to combat the remote location but I do not see any deal stoppers at this point.

I doubt they will/want to take this to production themselves, although they could. Rather, I see them doing 3 things; 1. delineating a multi million oz resource. 2. Demonstrating huge potential beyond the intial deposit/ future mine and 3. Facillitating the establishment of a mining operation, probably a major, by doing the environmental study ahead of time, aligning themselves politically with the Gov't of Guyana through the affiliation with the World Bank. The World Bank deal should also nullify anti mining NGO's to an extent and ensure best practices throughout.

Cheers,
Leaving work soon
Ogi
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News