TSXV:NORA.H - Post by User
Comment by
ziggy19on Mar 22, 2006 9:32pm
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Post# 10553578
RE: Perhaps a dumb question ...
RE: Perhaps a dumb question ... can`t really answer your question but contained in that last news release i copied this snippet
About La Preciosa
La Preciosa is an epithermal vein hosted silver-gold deposit located on the eastern side of the Sierra Madre Occidental Mountains of north-central Mexico. An independently verified Initial Inferred Mineral Resource Estimate (released January 19, 2006) concluded, based on work completed, that the property contains an Inferred Resource of 2.72 million tonnes grading 0.463 grams of gold per tonne (g/t) and 227.2 grams of silver per tonne (g/t) for a silver-equivalent grade of 255.0 g/t. Contained metal in the Inferred Resource equals 19.9 million ounces of silver and 40,400 ounces of gold for a silver-equivalent of 22.3 million ounces of silver using a 60 to 1 silver/gold ratio with no provisions for relative anticipated recovery rates.
Less than 20% of the initial target has been drilled along strike and only to a depth of 300 metres. The deposit remains open to the North and South and to depth.