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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Comment by chiangon Jan 23, 2008 8:35pm
214 Views
Post# 14251791

RE: While we waitI think you need to read ther lat

RE: While we waitI think you need to read ther lat
I think you need to refer to the latest news release;


- "Initial" NI 43-101 Resource Estimate:

-- Indicated Resource: 71,500,000 ounces of silver

-- Inferred Resource: 39,200,000 ounces of silver

TheseResources are based largely on the Glavnoye vein, and to a lesserextent on the Boloto vein. The potential exists to increase theseResources as both veins remain open along strike in both directions andto depth.


- Estimate of Potential Additional Resources: 97,000,000 to 194,000,000 ounces of silver


Thispotential additional resource reflects the potential of 8 other knownveins on the property (and additional potential at Boloto) which wasnot included in the Resource Estimate. The evaluation of the potentialfor these veins was based on the results of mineral samples obtainedduring trenching and preliminary exploration drilling.

Intotal, more than 30 silver veins have been identified on the Prognozproperty and some may prove to be just as extensive as the Glavnoye andBoloto veins.

----------------------------

Ok lots of "potentials" there, but it is already acknowledged to be a silver district, so I am confident they will prove up some more resources there, and I have invested accordingly.

I actually think there is no value in the current SP for Prognoz, so a spinoff would add value to the current SP.
Bullboard Posts