RE: Corporate Presentation Updated I wrote:
[current resource is 2.5 million tonnes at a grade of 7 grams]
This is an error that got recycled while I was struggling with Stockhouse's primitive & buggy editing capabilities. The current resource is 3.7 million tonnes at an average grade of 7.3 grams.
Golden Reign projected potential:
goldenreignresources.com/i/pdf/CorporatePresentation_21022013.pdf#page=10
An Exploration Target beyond the resource estimate (along strike and down dip) has been identified with an estimated 5 to 10 million tonnes at a grade between 6 to 10 grams gold equivalent per tonne.
Current resource is 27 million grams. Potential projection is between 30 & 100 million additional grams for San Albino/Arras.
So assuming the projection is accurate, San Albino/Arras will have near-term a total resource of between 2 million and 4 million ounces.