OTCPK:FRSAF - Post by User
Post by
JohnEStromJron Jan 26, 2012 1:01pm
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Post# 19452994
"Correction" to the 2010 Resource
"Correction" to the 2010 Resource From Fire River Gold's website.... [link provided below] Then read their General Disclaimer on the same page. Be VERY wary about buying this stock until Fire River PROVES they can produce gold at a profit and that they can repay that loan. I'm doubting they can.
Correction to the 2010 Resource Estimate:
The hard rock mining portion of the 2010 Resource estimate included 121,690 tonnes of indicated resources at a grade of 26.9 g/t plus 70,780 tonnes of inferred resources at a grade of 27.8 g/t using a COG of 10 g/t Au (Giroux 2010).
Through the course of preparing the 2011 re-estimate it was determined that the 3077 zone had been previously extracted. This error inflated the 2010 resource estimate by 9,330 tonnes of indicated resources grading 42.3 g/t and 10,920 tonnes of inferred resources grading 34.7 g/t. The corrected 2010 resource estimation is shown in Table 2.
https://www.firerivergold.com/s/NewsReleases.asp?ReportID=498184&_Type=News-Releases&_Title=Fire-River-Gold-Corp.-Provides-Updated-Resource-Estimate