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

To: Proud Deplorable who wrote (60066)	6/20/2008 6:07:38 PM
From: E. Charters	Read Replies (2) \| Respond to of 78410

Couldn't find it. Here is a quote from a Coal explorer. This indicates that 500 m spacing is 'normal' EC<:-} "In the East of the 815 drill holes to date, 505 drill holes drilled by CIC fall within the Serorome and Dovedale Blocks. Estimation of coal quality, structure and associated resources in these blocks is based on a subset of 385 drill holes that comprised the necessary data requirements. The previous estimation in the Mookane Block was made on the basis of 274 CIC drill holes placed within this region, since which time a further 16 drill holes have been drilled. A remaining 20 drill holes have been drilled by CIC in the Border Block. Drill hole spacing’s are typically for the Mmamabula South and Dovedale Blocks set at 500 metres ("m") by 500m and varied in the Serorome Block from 500m by 500m to 1,000m by 2,000m. The current mining method proposed for the mineral resources is conventional underground board and pillar mining using continuous miners ("CMs"). Alternative mining methods aimed at optimizing resource utilization are being investigated. Snowden has concluded that coal from all the updated and new resource estimate areas are suitable for steam-producing thermal power generation, with raw coal calorific values ("CV") of approximately 20.5 mega joules per kilogram ("MJ/kg") for the D1 seam and 23.2 MJ/kg for the M2 seam; these qualities compare favorably with those previously reported for the Mookane Block of 21.7 MJ/kg for the D1 seam and 23.1 MJ/kg for the M2 seam." Here is one of two of their blocks. They have 324 million tons between 3.2 and 5.9 metres thick. This is from their fease. So you can see that 1600 meters of 20 meters is very good. 2500 hectares is 11 square miles. GXS needs about 1/10 of this to equal this table below which represents 110,000,000 tons of the total fease of +300 mill. In other words if GXS gets to 2 square miles, it is a mine for sure. Category Area Average thickness Tonnage(Mt) (ha) (m) Measured 2,493.0 3.19 97.2 Indicated 359.0 3.12 13.6 Measured + Indicated total/average) 2,852.0 3.18 110.7 Inferred 7.8 3.60 0.4 ***************************************************