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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ -- Ignore unavailable to you. Want to Upgrade?

To: hwirch who wrote (1207)	2/14/2005 9:17:17 PM
From: TrueScouse	Respond to of 1285

Hugh: I've been browsing through the UBC pre-feasibility study. It's an impressive piece of work and makes me realise just how much serious and detailed work CSL has done on the Caroni project over the years. It also opened my eyes about the scale of the thing! In the area they're looking at the river varies from 700 metres to 4 kilometres wide. That's a BIG river! <g> They conclude that the project could have a life of 100 years at 10 million tons per year. Jeez! Regarding the recent developments, it seems that CSL is talking with both the GOSH and EDELCA, and that the GOSH people want to move fast to dredge near the two water intake pipes for Puerto Ordaz and remove 3 to 5 million tons of material. These intakes are 9 km apart so it would provide the opportunity to extract materials from two different areas of the river. And the UBC report makes it clear that there are modern dredges available that will easily go to a depth of 20 metres into the river bed -- and this could include 2 or 3 layers of "capa". It seems that the closer you get to bedrock through the capa layers, the higher the alluvial grades are likely to be. The deal with GOSH would also include the opportunity to do profiling of the river bed and sampling -- so getting a contract to do this would in many ways be similar to doing the feasibility study as recommended by UBC -- and with Bateman acting as consultants presumably it could become "bankable" if operating at this scale. I must admit that I really like the idea of a sand and gravel operation with gold and diamond credits! Regards, Howy