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Re: loantech post# 5134

Saturday, 11/15/2003 2:28:25 PM

Saturday, November 15, 2003 2:28:25 PM

Post# of 19037
There is a lot of opposition to mining everywhere Tom.
Just because the residents in Tambo Grande don't want a mine and be re-located doesn't mean they will get their way in the end. No one asked the townspeople to grow mangoes on top of prospective a gold mine. Let them go somewhere else with the money they will earn working the mine....

Look this is a shitty business anyway you look at it.
But you can't stop progress. If I were the government I'd pick up these bludgers and toss them off the land in Peru. If the govt were building a fwy they would expropriate the land and pay them fair value. It happends all the time in our own communities.

There is oppostion ot mining in British Columbia, Ontario, Costa Rica, Venezuela, Argentina (where IMA is), Brazil, Romania, Montana and other states, Australia, Souvlakia, Costa Nostra, Fiji, West Mafiosa and Spuzzum.

By the time I sell everything that has a political, environmental, or customs problem I won't have a portfolio left..so what do I do ?

BTW the mine site isn't in the town although it looks like its on the edge. I don't see the lights you are talking about. What picture are you referring to ?
http://silvercrestmines.com/arena1.html
"The area is accessible by 1 kilometre of unpaved road located just south of El Progresso (travel time 20 minutes). The road goes through the small town of Arena Blanca."
http://silvercrestmines.com/arena2.html



What about their other 3 properties ? Are they now kaput in the country who's biggest city is named SILVER MOUNTAIN ?

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

SilverCrest Mines Inc. owns several high grade silver deposits located in Honduras. It includes:

(1) El Ocote Property



Indicated Resources are estimated at 1.9 million tonnes grading 181 g/t silver containing 11 million ounces of silver based on a 30 g/t silver cut-off grade. Contained within this resource is a high grade portion estimated at 1 million tonnes at a grade of 282 g/t silver that is considered potentially amenable to open cut mining during the initial years of production. Inferred Resources are estimated at 1.4 million tonnes grading 118 g/t silver containing 5.2 million ounces of silver. Accordingly, the El Ocote property contains an estimated resource of 16 million ounces of silver with the potential to increase to over 20 million ounces.

The deposit is an elliptical breccia pipe that measures 160 metres by 90 metres and is defined to a depth of 100 metres from surface. Silver grades improve upwardly, from approximately 30 g/t at depth to in excess of 400 g/t near surface. The pipe forms a topographic high, making it potentially amenable to low strip ratio, open pit extraction. An initial work program of in-fill and resource expansion drilling is expected to confirm the higher grade surface, starter pit material, and provide information for metallurgical and engineering studies. The work program will transition into a feasibility study.

(2) Opoteca Property



Indicated Resources are estimated at 1.3 million tonnes grading 123 g/t silver and 0.17 g/t gold containing 5.6 million equivalent ounces of silver based on a 30 g/t silver cut off grade. Inferred Resources are estimated at 1.7 million tonnes grading 126 g/t silver and 0.10 g/t gold, containing 7.4 million equivalent ounces of silver. Accordingly, the Opoteca property contains estimated resources of 13 million ounces of silver with the potential to increase to over 20 million ounces.

This deposit is a manto-style, carbonate replacement deposit, with mineralization hosted in folded sediments and higher grade high angle faults. An oxidized horizon is measured as 800 metres long, 100 metres wide with an average thickness of 15 metres and is considered potentially amenable to open pit mining at a low strip ration. An initial work program of resource expansion drilling should advance this property to the pre-feasibility stage.

Significant potential to expand current resource based on +100 g/t soil anomaly and various rock chip recon samples.

(3) La Pochota Property



The deposit is an epithermal vein system with existing and accessible underground workings. Approximately 250 metres of exploration drifting exists with only minor stoping. Various previous operators and engineering reports show the vein ranging between 1 to 4 metres in width. The vein appears to strike along a dip slope for 600 metres and is measured down dip for 125 metres. Reported grades vary from 332 g/t to 514 g/t silver with significant gold credits. A drill program will be required to test the strike and dept extensions as well as test several parallel structures.

(4) Arena Blanca Property



The deposit is an early stage exploration project with high grade potential. The mineralization occurs in a quartz vein/shear zone hosted in granodiorite. The 5 to 6 metre wide quartz vein occurs on a dip slope and has been accessed by an adit and sampled up dip where the zone outcrops on a hilltop. Sample results from a United Nations report yield grades ranging from 1,945 g/t to 7,600 g/t silver. A modest first phase drill program will test for mineralized continuity between the adit access and the hilltop.


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

On the other hand here is a report by WRN on Honduras
http://www.wrm.org.uy/bulletin/71/CA.html








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