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Gold/Mining/Energy : Peruvian Gold Ltd. PVO
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To: kidl who wrote (570)8/30/1998 4:55:00 PM
From: E. Charters  Read Replies (1) of 892
 
The size of the leached cap of 1 klik by 1.5 kliks makes it seem large. The grade is good. The average copper in a production porphyry is about .40 per cent. The average gold is about .50 grams or less.

If you take those figures and average the depth of intersection at 30 metres you get 132 million tons. This is unfortunately small. If the intersections were in the 100 metre range then we would have a more mineable property. Good gold values would change the situation some.

It needs more evaluation and a higher copper price. About 80 large diameter holes are needed to evaluate the property.

mailto:echarter@vianet.on.ca
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