You are right Chief. Seems to be similar to the Noble House of Boston people. Still, I liked two parts of it:
Recently, Medinah's Independent consultant, Gordon House, P. Geo, identified a major gold and copper breccia zone. "Santiago is verified to host a massive porphyry and stockworks deposits" says House. "Now that the advanced exploration program is underway, it is my expectation that a multitude of drill targets will be established."
And this part:
"The Puange and Caren Placer claims are a significant part of the Santiago project since they contain 12 square miles of alluvial gravel deposits-which have high indicated values in alluvial gold on both properties. These placer properties cover two large contiguous river systems and have seen small-scale production in historic as well as in recent times. Six refractive seismic lines will be shot in the upcoming month to verify the deposits' depth to bedrock. Currently mineral reserves indicate a total of 170 million cubic meters of alluvial glacial deposits.
Records have indicated as much as 300,000 cubic meters of material have been mined, with an average of 0.6 grams per meter. "Mineral reserves here indicate a total of 1000 million cubic meters of gold-bearing alluvial glacial deposits with exploratory work proceeding in order to confirm gold values," according to House. "In addition, I expect production cost to be low-less than $120 per ounce of gold for both gold-bearing properties."
Seems like a pretty substantial placer, hey Chief? Wish the grams per meter was a little higher! (0.6 grams per meter is the actual ammount recovered-not the amount present.)Not sure why they say at one point 170 million cubic meter then they say a billion cubic meters of reserves-which is it? A billion cubic meters would work out to about 21,000,000 ounces of gold, I believe roughly. I have not seen this billion cubic meter number before so perhaps this is some new information.
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