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Mining Industry



Mining Industry > GOLDDIVERS Model portfolio. The gold shares will be equally split in senior gold shares and junior gold shares. Junior gold shares will be filled with 10 promising juniors. > CMM @ 5 cents fo' 5 million oz. View modes: 
  • CMM @ 5 cents fo' 5 million oz.

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    User avatar
    2.5 stars

    CMM @ 5 cents fo' 5 million oz.

    Take a look @ CMM.

    Risky.....5 million bridge financin' ......unclear.....near bankruptcy........45 million debenture by Fortis....comin?

    But wit 5 million oz at Lamaque inna Que.

    Whether ya likes.......o' hates Peggy Kent........maybe she gots what it takes ta pull dis off!

    Just da way I see dat!
    HardRock

    ==================

    4 Lamaque mineral reserve estimate

    Underground

    Tonnes

    Grade

    Gold

    Cutoff

    grams Au/

    Ounces

    grams Au/

    tonne

    tonne

    Proven Reserves

    Sigma Below Open Pit

    1,440,952

    5.47

    253,417

    2.5

    Lamaque Main Mine

    455,688

    5.64

    82,631

    2.5

    Lamaque #2 Mine

    29,525

    4.13

    3,920

    2.5

    Sigma North Wall*

    447,090

    4.38

    62,960

    2.5

    Sigma West*

    43,738

    4.35

    6,117

    2.5

    Total Proven

    Underground Reserves

    2,416,993

    5.26

    409,045

    Probable Reserves

    Sigma Below Open Pit

    2,860,787

    4.73

    435,055

    2.5

    Lamaque Main Mine

    119,142

    4.35

    16,663

    2.5

    Lamaque #2 Mine

    73,032

    6.92

    16,249

    2.5

    Sigma North Wall*

    1,357,237

    4.44

    193,748

    2.5

    Sigma West*

    106,964

    4.65

    15,991

    2.5

    Total Probable

    Underground Reserves

    4,517,162

    4.67

    677,706

    Open Pit

    Probable Reserves

    West Plug (Lamaque Crown pillar)

    802,026

    1.87

    48,220

    Total

    Mineral Reserves

    7,736,181

    4.56

    1,134,971


    Lamaque measured and indicated resource estimate

    Underground

    Tonnes

    Grade

    Gold

    Cutoff

    grams Au/

    Gold

    grams Au/

    tonne

    Ounces

    tonne

    Measured Resources

    Cross Over Zone*

    600,572

    5.21

    100,601

    2.5

    Road Zone*

    160,122

    4.61

    23,733

    2.5

    Total Measured

    760,694

    5.08

    124,334

    Indicated Resources

    Cross Over Zone*

    2,501,621

    5.34

    429,497

    2.5

    Road Zone*

    424,993

    5.15

    70,370

    2.5

    Total Indicated Resource

    2,926,614

    5.31

    499,867

    Total Measured and

    Indicated Resources

    3,687,308

    5.27

    624,201

    Lamaque inferred resource estimate

    Underground

    Tonnes

    Grade

    Gold

    Cutoff

    grams Au/

    Gold

    grams Au/

    tonne

    Ounces

    tonne

    Inferred Resources

    Sigma Below Open Pit

    5,934,762

    5.36

    1,022,741

    2.5

    Lamaque Main Mine

    165,699

    5.57

    29,674

    2.5

    Lamaque #2 Mine

    47,525

    3.67

    5,608

    2.5

    Cross Over*

    7,179,660

    4.88

    1,126,475

    2.5

    Sigma North Wall*

    2,830,317

    4.48

    407,672

    2.5

    Road Zone*

    952,048

    4.83

    147,844

    2.5

    Sigma West*

    456,214

    4.87

    71,432

    2.5

    Total Underground

    Inferred Resources

    17,566,225

    4.98

    2,811,446

    Open Pit Inferred

    West Plug

    273,690

    2.38

    20,943

    Total Inferred

    Resources

    17,839,915

    4.83

    2,832,389


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