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Bullboard - Stock Discussion Forum Gold Canyon Resources Inc V.GCU

Metals & Mining Gold

TSXV:GCU - Post Discussion

Gold Canyon Resources Inc > question for board
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Post by bailey2 on Mar 25, 2013 11:06am

question for board

Their 43-101 had an indicated resource of 4.2 million oz's at a recovery of 80 per cent.

The PEA says total recovery of 2.1 million oz's. I also thought that they had over 3 million oz's in the core at 1.65 grams per ton...Any comments?

Comment by Max_Value on Mar 25, 2013 11:13am
Its always a trade off between strip ratio and ounces. Due to the fact that mining costs are pretty high (7,1$/tonne) the probably have chosen a pretty low strip ratio and have taken a loss in ounces. Anyway, the numbers are not bad except that the mining costs are pretty high and recovery is not good as well. Max
Gold Canyon Resources Inc
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