Gold extends record to $1550.80Silver is breaking new records too as it heads for the biggest monthly gain in 28 years. Remember we have silver as well as gold on the Belleterre's properties as the last bulk sample held. Can you imagine having silver credits along with the gold production?
Apr 29 2011 12:43PM NY Time
| Bid/Ask |
48.64 |
|
48.67 |
| Low/High |
48.13 |
|
49.24 |
| Change |
+0.16 |
|
+0.33% |
| 30DayChg |
+11.16 |
|
+29.78% |
| 1YearChg |
+30.21 |
|
+163.92% |
At the beginning of 2009, three bulk sa mples totalizing 1,248 kg were taken from the Conway
(525.7 kg), Paquin (436.4 kg) and Andresen veins (286.7 kg) and sent to COREM for
mineralurgical tests on each vein. The final report dated April 15, 2009, gave the following
grades: Conway Vein: 18.6 g/t Au and 69.4 g/t Ag; Paquin Vein: 20.0 g/t Au and 24.9 g/t Ag;
and Andresen Vein: 0.8 g/t Auand 2.8 g/t Ag.
These excellent results led the Company to realize a bulk sample on the Conway and Paquin
veins in fiscal 2010. Conway obtained the following results from its first bulk sample: production of a 10,021-gram gold bar with a 34% gold content for a total of 3,434 grams of gold, with the balance in silver.
This bar was produced from 1,635 tonnes of ore grading an average of 2.28 g/t, for a 93%
recovery rate. The sale of the bar has enabled the Company to collect an amount of $154,400.
The outcome of this first bulk sample has provide Conway with considerable information on the
properties of the ore found on Conway Paquin, as well as on how to improve operating results
for bulk sampling planned for the future. The Company is also pleased with the gold recovery it
obtained, which is a positive factor for future gold production.