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Encore Renaissance Resources Corp V.EZ



TSXV:EZ - Post by User

Comment by JennyB2on Apr 25, 2010 7:41pm
211 Views
Post# 17029358

RE: All the way back to...Nelson!

RE: All the way back to...Nelson!Ore: "A mineral or an aggregate of minerals from which a valuable constituent,especially a metal, can be profitably mined or extracted." (Emphasis mine)

Sorry, but I neglected to add to Doggers 7.07 gpt gold that the panel samples average out as 12.35 gpt gold over those 12 or so meters of decline covering a quartz vein averaging .81 meters wide over the same length of decline according to the posted assay results.

Go back to the advertising videos, take a good, close look at the size of the heading (Opening in the ground) on the decline and estimate for yourself just how many cubic meters of granitic wallrock have to be included in the drill rounds to extract that .81 meter wide quartz vein.

That folks, is a lot of dilution to be carried by an average 12 gpt gold.
(I previously posted the dilution calculations by tons and yards). And wouldn't you know it, but granitic wallrock is one hell of a lot more expensive to mine than good old sulfide mineralized quartz vein material!

Time to call up Ullmer, Stephenson, Mullberry, whomever, and ask the hard questions...better yet, have your attorney give them a call and ask the hard questions!

If you haven't figured it out yet, the reason SL-EZ is calling their quartz vein material "gold mineralized rock" rather than "gold ore" is they are very well aware that the amount of dilution required to mine such narrow, mid-grade veins will not generate a profit over costs such as mining, administration, handling and shipping plus beneficiation costs incurred at the mill plus penalties for whatever sulfides are included.

And thus, it is not profitable and therefore it is fraudulent to call a non-ore, "ore".




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