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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (34165)	2/3/2005 9:54:29 PM
From: zebra4o1	Read Replies (1) \| Respond to of 39344

Thanks Charter, good info. So it looks like they would need something on the order of $50 million to get started, provided they actually find something worth mining. I mentioned the 6g/ton and 25 m wide shear zone because that was the grade and width of a mine that operated along one of the shears from 1912 to 1914. I suspect that they are fairly confident they will be able to find higher grade areas along strike. They have set up a pilot mill for processing samples (up to 10 tons) and a program of bulk testing is planned for 2005. I guess there are some sampling challenges due to nugget effects - the gold is coarse-grained. But I guess it is possible that they won’t find anything of much higher grade. Even if these shear zones were the source of some of the Klondike placers, it might have taken 1000s of meters of erosion to release all that placer gold. Kind of frustrating, but it seems like with all these regulations, people are very reluctant to give any kind of estimate of how big an ore body might be or what size of mine they might be dreaming of. So its hard to figure out exactly what these Klondike guys want to do.