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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (36252)	3/18/2007 8:26:57 PM
From: E. Charters	Read Replies (1) \| Respond to of 78416

We certainly hope so. We would move the liability into your name for purposes of the feasibility. Cost to do sampling and feasibility would be small and not engender that much liability. It would entail what we disturb and no further carrying cost as the liability is in a company now. We would cut lines for machine sample by hoe or percussion drill every 100 metres. If the property is over 1/4 mile on a side.. 5 feet deep = 1 million tons then lines every 100 metres is 15 lines or 4 miles. Samples every 100 meters, is 64 samples. Hoe samples of 500 lbs, and/or drill samples of 40 lbs would supply small bulk to bench test recovery method. (16 tons). Cost for hoe would be 10,000. Drill sampling would be 10 days. Assays would be 2500. Bench testing would be about 15 days for about 10,000. Line cutting would be 6000. Incidentals and reports about 10,000. So 50K for safety would give feasibility. The closure cost would entail pump out of recirc holding pond and reseeding new tailings pond. Also have to reseed harvest area, and burn vegetation in winter-late fall that was cut. Some timber value could be realized but scrub cedar is not that rich. Firewood? Not preferred there either as it is low heat value, but you would get something. Government would probably want about 10,000 an acre to close up front, but you could close as you go, so instead of 400K, you could go 1/3 of that and close as you go. The gold values for the pond could be 30 dollars per ton. Recovery is conjectural but may go to 50% or better by parallel tests in the area. EC<:-}