RE: RE: 20,000m drilled no resource?you are missing the point. none of that is relevant if there is no resource. if you knew what that meant it means there is not sufficient TONNAGE to support anything other than a few bulk samples.
20,000m drilled and no resource tells the tale. and they said it themselves. its unlikely that a resource will ever be defined.
nice promo. but thats all it is. the company said it themselves in their own NR to cover their buts.
hey great promo but dont get caught holding the bag.
ggup
Encore Renaissance options 60% of Bonaparte property
2009-04-14 16:06 ET - News Release
Mr. Michael Mulberry reports
ENCORE RENAISSANCE RESOURCES CORP. ACQUIRES OPTION ON HIGH GRADE BC GOLD MINE PROPERTY
Encore Renaissance Resources Corp. has acquired an option to purchase a 60-per-cent interest in the Bonaparte mine property located approximately 35 kilometres north of Kamloops, B.C., for the payment of a total amount of 20 million shares and $7-million over the next two years in staged payments and the incurring of expenditures to take the property into production.
Encore will also undertake as part of its option to acquire its interest in the Bonaparte gold mine property, the permitted 10,000-tonne bulk sample, initially by decline underground mining from surface, of the same vein material that was bulk sampled in the 1990s.
As reported by Shaun Dykes of Geologic Systems Ltd. in his report entitled, "Status report -- Bonaparte gold property," November, 2003, the sample consisted of approximately 3.425 tonnes with a recovered grade of 26 grams per tonne gold (0.75 ounce per ton) from the surface trace of one of the over 13 identified vein systems on the property.
No resource has been estimated although over 20,000 feet of drilling has been completed. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
Current operations will help to establish a recoverable grade, and with the proposed exploration and development drilling, will enable Encore to not only design and apply for a full mining and on-site milling operation but to complete a 43-101-compliant resource calculation on the property.