TSXV:CSG.H - Post by User
Comment by
paljoeyon Jan 29, 2009 3:46pm
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Post# 15738054
RE: RE: RE: RE: Adams..Gold in ground worth $29.20
RE: RE: RE: RE: Adams..Gold in ground worth $29.20Reserves & Resources
Table 1: Mineral Reserve and Mineral Resource Statement
Castle Gold Corporation
Property Totals at December 31, 2006 | Classification | Location | Castle Gold Interest | Tonnes | Grade (g/t) | Ounces | Equity Ounces |
| Mineral Reserves | | | | | | |
| Castillo - Proven and Probable(1) | Mexico | 100% | 46,800,000 | 0.50 | 752,000 | 752,000 |
| El Sastre Main Zone – Probable(2) | Guatemala | 50% | 500,000 | 2.50 | 40,000 | 20,000 |
| Total Proven and Probable Reserves | | | 47,300,000 | | 792,000 | 772,000 |
| Measured and Indicated Mineral Resources | | | | | | |
| Fortuna - Measured and Indicated | Mexico | 100% | 4,800,000 | 1.98 | 308,000 | 308,000 |
| Castillo - Measured and Indicated | Mexico | 100% | 94,300,000 | 0.39 | 1,180,000 | 1,180,000 |
| Total Measured and Indicated Resources | | | 94,300,000 | | 1,488,000 | 1,488,000 |
| Inferred Mineral Resources | | | | | | |
| Castillo - Inferred | Mexico | 100% | 496,000 | 0.79 | 12,550 | 12,550 |
| El Sastre Main Zone – Inferred | Guatemala | 50% | 1,440,000 | 2.20 | 102,000 | 51,000 |
| El Arenal Zone – Inferred | Guatemala | 50% | 1,830,000 | 1.30 | 76,000 | 38,000 |
| Bridge Zone – Inferred | Guatemala | 70% | 1,260,000 | 1.70 | 69,700 | 48,790 |
| Lupita Zone – Inferred | Guatemala | 70% | 13,000,000 | 1.20 | 518,000 | 362,600 |
| Total Inferred Resources | | | 18,026,000 | 1.34 | 778,250 | 512,940 |
(1) Reserves have been estimated using a gold price of US$625 per ounce.
(2) Reserves have been estimated using a gold price of US$550 per ounce.