a post from production05 on sh
Jan 8/07 NR:
“The drill hole confirms that the Mercedes vein is mineralized over an average strike length of 500 meters”
Mercedes drill result: “Hole 06SJ-02 intersected 1.8 meters at a grade of 46.7 grams/tonne (g/t) gold and 26.3 g/t silver.”
Performing even a basic calculation using a conservative strike width of .9 meters, proven strike depth of 300 meters and head grade at any grading between 15 g/t and the 46.7 g/t (from drill hole #2), will demonstrate a high probability of relevance for resource ounces associated with the 500 meters of confirmed (Mercedes) strike length.
SJ Technical report:
“The Mercedes vein is at least 1.5 kilometers long and the San Juan vein is 3 kilometers long. The Mercedes may persist eastward across the valley and thus have an even longer strike length.”
“Alpacay 2,400 (m)”
1.5 kilometers = 1,500 meters
3.0 kilometers = 3,000 meters
As such, the 500 meters confirmed through drilling (thus far) still only represents 33% of the mineralized strike length for Mercedes. There is still a chance that the Mercedes vein is connected to the Alpacay vein, across the valley. If so, this should add another 500 (+) meters to Mercedes, plus the 2,400 meters that comes with Alpacay, thus making it a very long 4,500 - 5,000 meter vein. If not, then 1,500 meters for Mercedes is still very solid, especially given the level of significance demonstrated by the first 500 meters. Alpacay can be prominent on its own also, with its 2,400 meters strike length and all.
It will be good to start seeing drill results from the primary San Juan vein (which I imagine should be here soon). A 3,000 meter strike length is very impressive, especially for a vein that has already demonstrated historical production.
Collectively, the total mineralized length for the 35 SJ veins is equal to 23,700 meters (23.7 kilometers). This excludes the newly discovered veins. It also excludes the Northern Vein (3,000 meters), Veta Clara (3,000 meters), Santa Clarita, Champune, etc. Data broken down by individual vein can be found on pages 34 and 35 of the technical report.
Production05
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