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Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of surface area and mineral rights in La Paz County, Arizona, within a 50 square kilometer land package. It controls over 546 federal unpatented mining claims and two Arizona state mineral leases which together comprise the Copperstone Project area. The federal claims cover approximately 10,920 acres. It also holds other investments and projects at various stages of development.


TSX:SGLD - Post by User

Bullboard Posts
Post by LTGoldBullon May 28, 2012 11:38am
414 Views
Post# 19952501

Production

Production

Production should be well underway,...March signed the Milling Agreement, initial 30,000t with McAlpine Mill (200t/day)

Trucking Contact was announced 16 April - Shipments of Ore have commenced.

(30,000t Contract - 3,000t are lower grade material from previous test mining, with the rest of stockpiled ore averaging 0,30 oz/t and assuming Troy oz at 31.1 g/t = 9.0 g/t)

Assumptions: Now 42 days since 16 April announcement, x 200t/day = 8400t processed

3,000t lower grade estimate 3.0 g/t = 289 oz AU

5400t at grade 9.0 g/t (0.30 oz/t) = 1562 oz AU

Total Gold Production 1851 Ounces to date?

Cheers, Mark

Bullboard Posts