To: stan_hughes who wrote (8105 ) 3/17/2006 11:39:39 AM From: E. Charters Read Replies (2) | Respond to Well SUR has gold, but it is a lot narrower and lower grade than the promoters would have you guess at. It may be able to drill off a heap leachable or bulk tonnage resource but metallurgy and mining/comminution method has to be feased before you know what the economics of it are. Right now they are in the arm waving promotional stage, and that is a dangerous area to invest in. It is a classic example of bullshit baffles brains. The Internet and the company sold it as a 500 foot wide, 3 gram orebody remniscent of Bre-X, on the basis of one bulk channel and a few historic occurences. It appears by drilling that it may approach 0.65 grams per ton in places over a width of perhaps 218 feet. Not that you could not do something with that with the appropriate tons and the right rock/mineralization, but it has to be looked at in the cold light of dawn, and hole by hole. To get a Fort Knox style low grade full milling operation you need 3 miles of that stuff and continuous. And refractory mineralization as is often found at depth especially in this area could defeat a smaller higher grade resource as it has in the 90's in Indonesia. There are ways to treat a refractory resource, but heap leaching or CIP would not be as successful here.
