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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 jongguaon Jul 24, 2012 1:14am
231 Views
Post# 20145231

g/m3

g/m3

No cadillacsam, that is a real g/m3. Ruby's first reported grades in nearly 3 years of being a company. it is a true calculation of ranges of contained and recovered gold. You speak of tonnages, but hard rock miners talk in tonnages, alluvial miners (which are all small operators) talk in g/m3 because tonnes vary due to material composition. A tonne of dry sand is not the same size as a tonne of wet sand, so a generic m3 is used for measuring alluvial material. I agree with you cadillacsam 14 oz is a poor showing and time spent producing must've been mighty slow and short, but the grade means they've only processed a small amount of material, about 900 m3 at an average .5 g/m3.

 

Well well well. Waiting on financing, and the company is outta money at present. Survival is at stake. With all the NYC people they're tied in with, and "groups" visiting them in TZ to discuss financing, I was expecting further financing would have already taken place. We get financing and survive and are profitable next year, or we die very soon with no money in the till. 

gonna be gone today during tuesday's trading so can't see what share price is gonna do. The gold is still there, for want of $1M minimum immediately we can't get to it!

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