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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Post by taylor1988on Jan 28, 2012 8:28pm
610 Views
Post# 19462096

Putting things in perspective

Putting things in perspective

Last year Trelawney reported their initial Resource Estimate at Cote Lake based on dimensions of 700 metre strike, 300 metre widths and 500 metre depths.  The result was 4.2 Moz of gold @ 1.0 g/t au.

 

Next month Gold Canyon will be reporting their 43-101 for their Springpole Gold project based on dimensions of 1,550 metre strike, 300 metre widths and 300 metre depths at 10-15% higher grade (1.15 GCU vs. 1.0 TRR).

 

Whatever the number GCU ends up reporting in the next couple weeks I can't imagine it being below the 4.2 million ounce estimate released by TRR given their deposit dimensions yield more tonnage at a slightly higher grade.

 

 

 

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