TSXV:EGA.H - Post by User
Comment by
ticktalkeron Mar 22, 2007 10:26am
132 Views
Post# 12467224
RE: Now here''''s a pump...
RE: Now here''''s a pump...If you look at the two news releases that discuss tailings you will see that your estimated 100,000 ounces is only from the Ouro Roxo tailings
From jan 17th
"It is estimated that more than 1 million cubic metres of tailings exist in the Ouro Roxo tailings impoundment, equivalent to approximately 1.9 million tonnes."
In the Feb 27th release they give the dimensions of the Ouro Roxo tailings impoundment
"The Ouro Roxo Project also has a 1,600m by 200m wide tailings pond, containing tailings from historic and present day high-grade gold mines. APM completed an initial 37 holes drilling program in 2006, and identified large areas of multi-gram gold values in these tailings. These initial results indicate the tailings and placer mining areas have potential to contain large gold resources. More importantly, the Company is now evaluating the remaining 17 square kilometres of tailings and placer material, located to the north of Ouro Roxo."
So the the 1 million cubic meters comes from
1600m x 200m x 3 m =960,000 m^3
That means anything from the remaining 17 square kilometres of tailings and placer material is in addition to this number. Maybe this is where your 900000 ounce number is coming from.
TT