RE: RE: Dynacor Reports Net Earnings for Q1 2010If I understand correctly, they have an inferred resource of around 2.9MT at 2.75 g/t from the manto dorado section on the tumipampa project. it was drilled over 500m X 380m wide and is open at width. i am hearing there is good possibility, due to the extra cash coming in from acari, that they are planning to drill sooner than what was originally expected; maybe as early as october.
Their skarn deposit is huge, measuring 4.5km X 1km wide. There may be more than 2M ounce of gold. They are excited to start showing the market, through the drill results, that this is the case.
I never knew this before, but Acari has it's own operating mill and its own resources which i managed to dig up through some old news releases and fact sheets. The release states 1.1MT at 16.4 g/t https://www.dynacorgold.com/imports/pdf/mining_operations/acari2006_en.pdfhttps://www.steliasmines.com/peru1.htm
To surmise, to date the company already has about 250k oz of inferred resources from Tumi and about 600k oz in resources from Acari.
This recent SH post from (therock) is an interesting explanation of Tumi's potential..
"During 2002 and 2003, a first exploration campaign was carried out in the NE area of the property, covering 300 hectares. Geophysical, surface geological and geochemical studies were carried out and a diamond drilling campaign (16 holes - total of 4,050 meters) was completed. The objective was to find a Au-Cu disseminated porphyry-type deposit in the quartzite. Although the results did not show gold dissemination, more importantly, the holes located near the outcrops of the veins showed significant gold grades. For instance, veins 1, Z, and A were intersected by drilling and the following gold assays were obtained: diamond drills HDD1 (7.33 g/t Au across 6 meters), HDD3 (8.20 g/t Au across 4 meters), and HDD6 (12.25 g/t Au across 2 meters). In 2006, a reinterpretation and general review of the project as well as an initial survey in the field was done on the entire Tumipampa Property during which new veins were discovered and earlier known veins were further studied - all told adding up to a total of 10 structures with economical gold grades. The veins: 1, Z, 2007, San Pedro, Escondida, Esperanza, Porvenir, A, B and El Manto Dorado were also revealed by the presence of old surface work done during the colonial period. Channel sample analysis of the latter veins found grades between 1 and 25 g/t Au. Hydrothermal breccias in quartzite grading up to 1g/t Au were also identified. The initial holes of the current drilling program will concentrate on the two most important mineralized structures identified todate..The Manto Dorado vein and Vein A. The Manto Dorado surface structure was discovered when cutting access road for the 2003 drilling campaign. With an average width of 5 meters, this is the project's most important structure known to date. The access road revealed a 10-meter segment of the 200-meter known length of the structure. Most of the Manto Dorado(MD) structure appears to be covered by quaternary material. Its average direction is N30 degrees E and has a 35 degrees NW dip corresponding to the quartzite stratification. The geological make-up of the MD structure includes abundant pyrite, grey and white quartz and iron oxide. Five channel samples taken every 2 meters from a 10-meter segment where the access path intersected the MD structure returned very significant gold and silver grades of gold and silver (see Table 1, below). Table 1. Five channel samples from the Manto Dorado structure << ------------------------------------------------------------------------- Sample Width (meters) Au (g/t) Ag (g/t) ------------------------------------------------------------------------- 55763 1.10 4.11 13.9 ------------------------------------------------------------------------- 55764 1.00 2.02 13.2 ------------------------------------------------------------------------- 55765 1.00 6.63 17.3 ------------------------------------------------------------------------- 55766 0.70 25.10 24.8 ------------------------------------------------------------------------- 55767 1.10 2.61 2.5 ------------------------------------------------------------------------- >> As can be seen, surface sampling has identified economic grades of gold and silver, and two holes been completed already. Vein A is another important structure found close to the Manto Dorado. The presence of old surface workings dating back to the Spanish colonial period can be readily observed over a total distance of 200 meters. The scale of these historical mining activities is indicative of the richness of this vein. For instance, analyses of samples taken from an old ore stockpile returned a grade of 12.70 g/t Au. Interestingly, Vein A was also intercepted by the diamond drill hole HDD6 (in 2003) at a depth of 60 meters and had a grade of 12.25 g/t Au across a 2-meter intercept. Two drill holes have been completed on Vein A . I am really excited about the drill results on these 2 important structures, as both surface sampling and drill data at deeper depths have shown the presence of high grade gold, and the strike distance is considerable. Depending on the assay que, we should see the first drill results before mid-February...just in time for the IR program. A couple of decent hits and we will move very quickly up the charts....."
My question is, if Dyncaor is a different type of exploration company that doesn't actually mine anything, what kind of value should one put on the rock in the ground considering they are the only cash flow positive exploration company that I know of? If they do 50,000 ounces in 2011 as the president says that's about $8,000,000 to $10,000,000 dollars at 15% operating profit. That's impressive numbers even for a small junior pure gold producer.