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Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.


GREY:RBYC - Post by User

Post by jongguaon Oct 29, 2011 8:58pm
259 Views
Post# 19193057

.538 g/m3

.538 g/m3 using 260 hours in the average month of mining, which is 10 hrs of mining per day, (with an additional 2hours of cleanup) for one shift only of workers, I came up with 600+ oz/au for 260 hours at 200+ tons/hour of capacity. taking the low numbers, 260 hrs, 200 tons/hr, 600 oz, I came up with .538 grams/m3 of rbyc calculations. Cannot say for sure this is their number, which of course is impossibly precise, but cannot say what their "more than 600" and more than 200 tons/hr mean. Oh yeah, they have multiplied m3/hr x 1.5 to equal tons per hour in past news releases, so thats what i used for extrapolating backwards from their stated tons/hr numbers.
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