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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (59992)6/13/2008 5:58:34 PM
From: loantech  Read Replies (1) of 78416
 
USA in the toilet. Now I hope their share buyback is not just more hot air.Numbers are improving though. Still may be at least 6 months before good numbers and 9-12 months for better numbers still. They did order up a small loader:

<An additional 2.5-yard loader is also being mobilized to the 2400 level and should be available for operation by mid-June. Short-term production from 2400 is projected to exceed 150 tons per day during the exploration period. >

Digging some of this out will help:
<Drilling of silver-copper ore continues in the newly discovered 114 vein system on the 2400 level with recent intercepts of 4.4 feet of true width assaying 141.4 ounces per ton silver and 1.92 per cent copper, 4.1 feet assaying 134.2 ounces per ton silver and 2.14 per cent copper, and 4.4 feet assaying 114.8 ounces per ton silver and 1.28 per cent copper.
Drilling of the silver-lead ore in the same vein system (114 vein) has discovered true widths of 3.7 feet assaying 22.6 ounces per ton silver and 25.3 per cent lead, 6.3 feet assaying 16.6 ounces per ton silver and 13.6 per cent lead, and 1.9 feet assaying 36.1 ounces per ton silver and 43.9 per cent lead.>

I missed this in the most recent NR:
<Surface drilling is expected to begin this summer in an area between the Galena and Coeur mines on a known high-grade vein system. Additional surface targets include a newly discovered surface outcrop assaying four ounces per ton silver immediately above the Galena mine surface plant as well as possible updip extensions of the silver vein.>>>

None the less the market does not like this story at this point in time.
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