RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What IRR 43% and AISC $788 project has never been funded? The following is from the press release for the 2011 PEA. As stated this N43-101 resource calc is primarily in oxides only and is inferred only. I have this actual PEA archived somewhere but have to find it and will review and post what I find. The bottomline is from the surface lateritic layer down to an average depth of 100M almost everything is oxidized.
Inferred Resources Estimate From Surface To 160 Meters Vertical Depth
The resources estimate reported in this Study are calculated from surface to a vertical depth of 160 m as compared to AGG’s 2008 initial resources estimate that was calculated to a vertical depth of 260 m. As previously stated, this amendment reflects AGG’s primary focus on the oxidized horizon of the deposit. Therefore, most of the volume of the sulphide resource that was included in the May, 2008 Initial Resources Estimate is not included in this Study.
The horizontal polygon block method was used for this Study and a total of eight (8) horizontal plans were generated from drill data with polygon vertical influence set to a distance of 20 m between plans. The grade of 0.1 g/t Au is used to define the mineralized envelope of the deposit. The specific gravity used is 1.9 g/m³, which represents a 30/70 compromise between quartz at 2.5 (used by WGM) and saprolite at 1.6 (AGG internal test report from trenches). The geological interpretation was projected to the bottom plan. This means that the average block size and grade for the 380 level represents the block from 380 m to 400 m. The same will apply for the pit design.
| 240-400 | 0.1 | 72,211,336 | 0.48 | 1,093,000 | Inferred |
| 240-400 | 0.3 | 36,133,759 | 0.77 | 893,000 | Inferred |
| 240-400 | 0.5 | 19,167,747 | 1.12 | 689,000 | Inferred
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