GREY:AGDXF - Post by User
Comment by
sharpenfocuson Feb 15, 2017 4:39am
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Post# 25847300
RE:Mining journal
RE:Mining journal Note my highlights on this exerpt from the article:
Cisneros is already showing healthy signs of exploration upside. Guaico may be the first orebody but the current resource estimate does not include mineral from four new structures intersected by the tunnel/ramp development. “These are 1.5m wide or more and run from 11g/t to 300g/t gold, and they are open along strike and at depth,” says Decker.
An exploration tunnel is being driven into the La Manuela vein, which is not in the mine plan, but that has good potential due to the artisanal miners that used to work it from surface, and from whose workings the company took a sample of 27g/t of gold. With artisanal workings scattered throughout the Cisneros property the 270,000oz gold resource could just be the tip of the iceberg particularly given that other parts of the concession package with similar geochemical and geophysical signatures to the Guaico-Guayabito areas. “There could be at least one million ounces of exploration potential. In the next two to five years we should hit the targets that have the potential to increase our production to 60,000ozpa and more,” he says.