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Netco Silver Inc NTCED



GREY:NTCED - Post by User

Comment by dwyomingon Jun 01, 2012 12:43pm
171 Views
Post# 19971246

RE: RE: Netco Silver defines two new veins at Toru

RE: RE: Netco Silver defines two new veins at Toru

There are only a few drill holes so far, but we can speculate on the what might already be guessed at about the Tourel vein. 

 

One of the few holes drilled yielded: 

DDH 32 intercepted 6.70 meters of 2,045 g/t silver with 5.34 % copper which includes 5.40 meters of 309 g/t indium.  (That is over 20 feet of $2000+/tonne ore)

 

 

Just as a conservative starting place, let's say that the vein is 4m true width and at least 500m strike length and that we can easily access the top 100m.  That gives us 200,000 cubic meters at about 2.5 tonnes in a cubic meter of solid rock for a total of 500,000 tonnes.

The above intercept is over $2000 of contained metal in each tonne, but let's not infer that about the whole vein, let's say the vein averages just $300 per tonne.  That makes the contained value $150 million on just the top 100m of just part of just one vein.  All bets are off if the porphyry source material is found.

Would you dig a gravel pit 300 feet deep for $150 million of ore??  You bet you would.

 

 

 

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