Should Gold Mining Investors Consider
.Kilgore Minerals
Echo Bay earned maturity interest in the property, by 1996, after having spent$3.5 million drilling 122 holes for further than bases.
A time latterly, Echo Bay released a sectional estimate report showing18.7 million tons, grading0.029, for a aggregate of ounces of gold.
During the 2004 drilling program, Norm Burmeister got the whiff of what might make this an seductive accession by a major gold company.
In the former drilling program, Burmeister got and encouraging intercept of0.465 ounce per ton gold over 10 bases within a broader 170- bottom zone of low- grade mineralization at0.04 ounces per ton.
It's important to note that this hole was drilled in an area that had noway been drilled some 4650 bases from the resource area.” The Elsa Zone is located within the Dog Bone Ridge target area.
Burmeister refocused out, “ There are no given workings in the area, and there's no given gold mineralization at the face, making the Elsa Zone a true‘ eyeless discovery.’Kilgore’s eyeless discovery in the Elsa Zone proves there may be some prospects in the veritably large Dog Bone Ridge target area.
Rationale The purpose of the 2006 drilling program, Burmeister told us, is to determine “ the true eventuality of the Dog Bone Ridge area target.” Niel Prenn, a professional mastermind with Mine Development Associates of Reno, Nevada, completed a scoping position update of Echo Bay’s 1996 assessment of the design.
“ The design appears to have nicely seductive economics if the‘potentially mineable material’can be doubled at$ 375/ ounce gold price.” Prenn saw the Kilgore design as one with a “ large epithermal gold deposit.” This verified an earlier geological report by StantonW.
Caddey, who wrote in an October 2003 report, “ Disquisition eventuality at the Kilgore property for further than doubling the present gold resource with farther disquisition drilling is regarded as excellent.” The encouraging drill hole in 2004 helped move this design to the current drilling program.
“ We believe the Dog Bone Ridge target area represents the core of the hydrothermal system that has generated the given low grade resource at Kilgore,” Burmeister suspected.
Burmeister told us, “ The knowledge we hope to gain from the Elsa Zone equipoises will be important in efficiently testing other Elsa‘ look-a-like’ definitive targets within the Dog Bone Ridge target area.” Prospects A drill crusade tends to consolidate prospects.
After forty times in the mining assiduity, he hopes Dog Bone Ridge will add to his string of gold discoveries and commercial success stories.
هذا النص هو مثال لنص يمكن أن يستبدل في نفس المساحة، لقد تم توليد هذا النص من مولد النص العربى، حيث يمكنك أن تولد مثل هذا النص
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