A Comparison Looking at a comparison between the results from Probe’s news release today, and Gold Canyon’s Springpole Lake deposit, and Trelawney’s Cote’s deposit news releases on February 27.
Total gold Total Silver Grade Au Grade Ag
Probe
Indicated 3.5M oz 3M oz 0.82 g/t 0.7g/t
Inferred 1.5M oz 1.5M oz 0.7 g/t 0.7 g/t
Gold Canyon
Indicated 1.22M oz 4.82M oz 1.26 g/t 5 g/t
Inferred 2.45M oz 11.58M oz 1.27 g/t 6 g/t
Trelawney
Indicated 0.89M oz N/A 0.88 g/t N/A
Inferred 5.66M oz N/A 0.97 g/t N/A
The above are based on a 0.40 g/t cut-off.
N/A means not announced.
I thought the above was an interesting comparison, leaving out all the other issues (including lakes etc). I believe that Gold Canyon, Probe, as well as Trelawney, may have their own water issues (lakes or creeks).
These 3 projects will have a tremendous economical impact on each of their locations. I also believe that each company are also environmentally sensitive to the needs of society within their surroundings. A large group of naysayers however, are standing by, and so they should!!!!
Putting the issues aside, any comments on the released reserve comparisons?