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Santa Barbara Resources Ltd V.SBL



TSXV:SBL - Post by User

Comment by tpaymanson Oct 24, 2013 12:06pm
113 Views
Post# 21845480

RE:RE:RE:RE:15% would be worth about $55 million or 50 times SBL current

RE:RE:RE:RE:15% would be worth about $55 million or 50 times SBL current

Ore and waste production from the La Arena Gold Mine for the third quarter of 2013 was:

  Actual Planned Difference
  Tonnes Au gpt Tonnes Au gpt Tonnes/Ozs Au gpt
             
Ore mined 4,996,298 0.582 4,072,710 0.561 923,588 0.021
Waste mined 5,595,440   5,467,298   319,967  
             
Ounces poured 59,157   63,022   3,865  


Production for the first nine months of 2013 amounted to:

  Actual Planned Difference
  Tonnes Au gpt Tonnes Au gpt Tonnes/Ozs Au gpt
             
Ore mined 10,429,545 0.585 9,681,003 0.508 748,542 0.077
Waste mined 17,833,433   17,601,477   (223,649)  
             
Ounces poured 143,940   135,691   8,249  

Gold production exceeded plan for the first three quarters of the year due to better than expected ore grade of 0.585 gpt compared to planned grade of 0.508 gpt.  Management reaffirms its production guidance of 190,000 to 210,000 ounces of gold production for calendar 2013.

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