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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (3813)4/14/2002 4:20:33 PM
From: Claude Cormier  Read Replies (1) | Respond to of 4409
 
<if we have 5 ounces silver/ton, that's about 43 million ounces of silver>

CD,

You get the idea. With 36 drill holes you can prove 43 millions ounces of silver if the intercepts and grade are as we suggest.

Moreover, you can prove the same quantity of ounces with only 20 drill holes if the shape and depth of the body is different.

In other words, the number of holes is much less important than the lenght of the intercepts and the grades. In the end, it is the shape of the orebody that determine the number of holes.

That is why Corner Bay consultants have signed on a proven and probable reserves of 130 millions ounces silver with only 76 drill holes.