RE: re- market capsCinnamon girl, the following is from December '98, and taken from a press release on the Aur website. I have no clue as to the current status of the property, but at the time thought the option transaction was smart as it secured a future right to purchase the property.
"Cerro Colorado is a porphyry-type copper-gold-molybdenite deposit
which is amongst the largest undeveloped copper deposits in the
world and contains in excess of 25 billion pounds of copper. A
number of resource and reserve calculations have been made over
the years by previous property holders, the most recent of which
estimated a primary copper-sulphide resource of 1.75 billion
tonnes at an average grade of 0.64 percent Cu (25 billion pounds
of contained copper) at a 0.40 percent copper cut-off grade. This
resource included 877 million tonnes at an average grade of 0.78
percent Cu (15 billion pounds) at a 0.60 percent copper cut-off
grade. Gold grades in the deposit average 0.003 oz./tonne (5
million ounces), silver grades of 0.15 oz./tonne (260 million
ounces) and molybdenum grades of 0.014 percent (500 million
pounds)."