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

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To: LoneClone who wrote (18978)8/23/2006 11:10:25 AM
From: Mr. Aloha  Read Replies (1) of 78412
 
Interestingly, their "higher zinc grades" in 19% of the tonnes that they can target for enhanced economics average 1.94% zinc.

High Grade Zinc

The zinc at the Corani project tends to occur in discrete high-grade zones. Applying a 1% zinc cut-off to the material within the 16 g/t silver model, there are 26.6 million tonnes resource (measured and indicated) averaging 1.94% Zn representing 72% (1.14 billion pounds) of the contained zinc in 19% of the tonnes. This is important for enhancing the economics of zinc recovery as these areas can be specifically targeted in the flotation flow-sheet to ensure recovery of the higher zinc grades.


MMGG management is so conservative they use a 5% cutoff. "Higher grade" 1.94% zinc isn't even counted. If MMGG used a far lower cutoff like other companies do, their 5 billion pounds of proven zinc would probably be closer to 10 billion pounds. When I look at other junior miners, I'm more and more impressed with what MMGG has.
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