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SNIPGOLD CORP V.SGG

"SnipGold Corp SnipGold Corp is an exploration stage company. The Company is engaged in acquisition and exploration of mineral resource properties in British Columbia, Canada."


TSXV:SGG - Post by User

Bullboard Posts
Post by DUMDOMon Sep 22, 2010 11:46pm
398 Views
Post# 17482100

hello 2centsworth

hello 2centsworthThe only reason this deposit hasn't been mined yet (unlike Snip, Johnny and Eskay) has nothing to do with the number of ounces(2.5 million onces is very significant by any mining standards). The issue here is the grade of the deposit. This is a low grade deposit which is typical of a gold/copper porphyry, which means a lot of tons have to be mined and milled, which means a lot of big mining equipment will be required. This in turn means that a road access and significant power source for the mill are the key to this operation.

We are not in the middle of the NWT here. We are ONLY 30 km from the nearest road access and power souce(Forrest Kerr hydroelectric project) . Finding 2.5 million once deposit can take a lifetime(ask any geologist). That's what all the companies on the venture exchange are trying to do. Building a road is simple.

Keep buying . Sk has the pot of gold.

Yours truly Dummmm
Bullboard Posts