Golden Eagle Int. (MYNG) Message Board

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Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

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To: Claude Cormier who wrote (3874)	5/30/1998 2:27:00 PM
From: Diamond Daze	Read Replies (1) of 34075

That was very informative and thank you. I would like to know where you came up with the 8 gram per ton ?? or was that just for calculations only . They only per ton calculation I could seem to find was 1.7 grams per ton....and lets not forget that 8 grams a ton is not low grade . So if we use your calculations and I know grab samples are always high ...so lets give Guido 1 gpt of the grade ( be conservative ) <<If we now consider the proven (measured) resource of 6M ounces, we need much less tonnage or cubic meters. At the same grade, 13,000,000 cubic meters will do the job... or a block measuring 1000 meters in lenght, 450 meters in width and 29 meters in depth. Such a block would need some 20,000 assays to define it has containing 6M ounces of gold. This is the equivalent of some 700 drill holes to a depth of 30 meters....a program that would cost several millions. >> So that would change the 13,000,000 to 104,000,000 cubic meters... and change the block from 1000 to 8000 meters long from 450 wide to 3600 meters in width ???? So now Guido says 80 mill...how big a block would that be ??? 110 mill oz ??? how big would that be ???? Well I am sure that way more gold exists in Mount Everest....just try to get it out economically....waiting for the report and the " dreaded nugget effect " Cheers

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