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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Post by TheRock07on Mar 25, 2011 9:16am
536 Views
Post# 18339342

Prognoz Silver is very advanced

Prognoz Silver is very advancedExtensive drilling and trenching has been conducted on the Prognoz property.

During 2006 and 2007, High River's 85%-owned Russian subsidiary, OJSC Buryatzoloto ("Buryatzoloto"), drilled over 650 core holes (over 59,500 metres), completed 4 adits for a total of 187 metres and extracted a 17 tonne bulk sample for metallurgical testwork.

Historical work consisted of 89 diamond drill holes (17,805 metres) and 317 trenches (17,756 metres ).

The 43-101 estimate is 203 million oz of silver at about 700 gms/ton.
This is for the two main veins.
When the other veins are included, the potential upside is 370 million oz at an average grade of 775 gms/ton.

HRG is likley to move upward  in step functions.
Being aboard is critical.
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