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St James Gold Corp V.LORD

Alternate Symbol(s):  LRDJF

St. James Gold Corp. is engaged in the acquisition, exploration and development of mineral resource properties located in Canada. The Company holds a 100-per-cent stake in 29 claims, covering 1,791 acres, in the Gander gold district in north-central Newfoundland located adjacent to New Found Gold Corp.’s Queensway North project; and a 100-per-cent stake in nine claims and an option to acquire a further 100-per-cent interest in 19 claims, covering a total 1,730 acres, in central Newfoundland located adjacent to Marathon Gold's Valentine Lake property. Its Grub Line property is located 3.5 kilometers west of the town of Gander, NL. The Quinn Lake Property comprises two contiguous mineral licenses totaling 700 hectares (ha).


TSXV:LORD - Post by User

Bullboard Posts
Comment by LongonZincon Feb 14, 2012 2:37pm
193 Views
Post# 19532909

RE: number crunching

RE: number crunching

Your number crunching has several major flaws.  Firstly, over 52% of the contained silver in the 214.7 m intersept comes from a single, un-cut 0.5m interval. Approximately 90% of the contained silver is within 11.3 meters of the  three high grade veins.  The dessiminated silver in the remaining 203.4 meters grades 7.5 grams per ton, this is not $75/ton Ag, based on your $33/ounce method it is less than $8 per ton.

Like I have said before, I think the high grade veins are in excellent start.  If they can continue to delineate these veins they might be able to define a very high grade underground resource.  Whether they can define an open pit resource is yet to be determined. 

Bullboard Posts