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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 mandelayon May 04, 2012 6:40pm
138 Views
Post# 19874060

Question on mining grade

Question on mining grade

How do they test mine for grades?  Did they put like 50 cubic meters in an area and sift it to see how much gold is there or do they have another way of figuring out how much gold they have per meter? I can't find the estimates for the high grade and low grade areas on their website, other than flakes per hole which i am not sure how that equates to grams per.  What is the high estimate per ton ? What is the low estimate per ton?

I am thinking of buying here since it has dropped so much; seems like a good gamble if  toby Hansens inside buy is a good indicator and his conviction that they are doing really well. He seems really impressed at the operations from what I read. I used to read his investor report and was impressed with his knowledge. I would buy mostly on his recommendation.

I have read mostly positive things here as well so I think there is very little negatives about the company.

I am new to stockhouse but I have been reading it for a few years. I figured I should dip my toe in the water because miners are pretty low.

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