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Wednesday, November 15, 2006 8:37:46 AM
The "resource" veins in the area run from north to south, with a higher concentration (tenor) of gold on the Manantiales property. The thickness of the vein's vary from 0.07 meters to 0.30 meters in some sectors, reaching up to 0,80 meters in remaining sectors. The average tenor of the veins is 32.5 grams of Au per ton and 29.6 grams of Ag per ton.
Very initial testing shows gold reserves exceeding 250,000 tons on the property.
250,ooo tons = 500,000,000 lbs
Approx 10,ooo per pound
500,000,000 x 10,000 = 50,000,000,000,000
That's 50 TRILLION dollars in reserves!
Obviously this is a mistake. Anyone know actual reserves?
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