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Gold/Mining/Energy : McEwen Mining

MUX 19.05

-0.9%

Dec 17 3:59 PM EST

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From: CurveBall86	12/18/2015 2:28:37 PM
	Read Replies (1) of 24543

Okay... I would like everyone's opinion here on this. So I do small business loans and I came across a guy in the Philippines with a mining operation asking for 50k. We don't loan money outside of the US and Canada but he sent me some drill samples that are amazing. Any opinions or comments would be greatly appreciated. "As shown in the above figure we had an assay result of 17g/t, 4.86g/t, 4g/t and 24g/t Au. Our operation is currently considered a small scale mining operation so what we must do in order to stay profitable is mine ore grades of 10g/t and above. Anything less is discarded at this point. In the Philippines there are more than 60,000 small scale mining operations currently taking place because mineral resources, particularly gold and silver, are so abundant here. Because of this fact core drilling are not done for small scale mining operations. What small scale miners do is locate an out-crap (literally hundreds located all around mountainous areas) and dig following the the vein from the surface all the way down until the assay shows profitability. Usually on the surface the assay ranges from .9g/t to 4 or 5g/t so these are discarded." "This is a map of our mining tunnel. We are currently mining the drift portion from the opened near the surface because the sinking areas is where we have the massive water issue. These working areas are all in all 13. Before the water issue the grades of the sinking shafts raged from 17g/t to 50g/t. We were able to get samples from 2 of the working areas closest to the surface and the assays were from 31g/t and 167g/t Au. I attached all images in a file also so you are able have a better look. This is a map of our mining tunnel. We are currently mining the drift portion from the opened near the surface because the sinking areas is where we have the massive water issue. These working areas are all in all 13. Before the water issue the grades of the sinking shafts raged from 17g/t to 50g/t. We were able to get samples from 2 of the working areas closest to the surface and the assays were from 31g/t and 167g/t Au. I attached all images in a file also so you are able have a better look. This is a map of our mining tunnel. We are currently mining the drift portion from the opened near the surface because the sinking areas is where we have the massive water issue. These working areas are all in all 13. Before the water issue the grades of the sinking shafts raged from 17g/t to 50g/t. We were able to get samples from 2 of the working areas closest to the surface and the assays were from 31g/t and 167g/t Au." Thanks in Advance for any comments related to this post. All the paragraphs in parenthesis are from the mining company owner.

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