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Cerro Grande Mining Corp T.CEG


Primary Symbol: C.CEG Alternate Symbol(s):  CEGMF

Cerro Grande Mining Corporation is a Chile-based junior mining, exploration and development company. The Company produces gold, silver and copper, with operations mainly in Chile. The Company is also engaged in the exploration of other mineral properties and in the development of its limestone deposits. Its projects include the Pimenton Porphyry Project and the Tordillo property. The Pimenton Properties in Central Chile for South American Gold and Copper Company Limited. Santa Cecilia is an exploration project for hydrothermal gold, silver and copper in the high western Cordillera of Chile’s Third Region. The Catedral/Rino project covers an area of 5,025 hectares reduced from 19,895 hectares held in 2008 and consists of 25 concessions. Its interest in this project is held through 50.1% interest in Compania Minera Catedral, which is the holder of the Catedral concession. Catedral/Rino consists of two separate but adjacent limestone deposits, the Catedral deposit and the Rino deposit.


CSE:CEG - Post by User

Comment by Bulllionon Feb 14, 2012 9:47am
191 Views
Post# 19530392

RE: Vitually empty these holes

RE: Vitually empty these holes

Hmmm, lets see. With some basic math we can see that the equiv copper grade is about .55% over some 200m.

.55% per ton means .55% of 2200 Lbs.... = 12.1 pounds per ton copper = us$3.50/lb *12.1 = US$42.35 per ton.

Scam let me know if I am going to fast......

The grades in the big copper finds are getting lower and lower as the prices go up and the deposits get harder to find. Took a look at the West Wall project of Anglo https://www.angloamerican.com/media/releases/2010pr/chile_resource . Its a next door neighbour to the Pimenton mine.

They have a grade thats almost the same as CEG has. Anglos gold is lower but copper is higher. I hope CEG has more intercepts like this to come!

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