Monday, June 16, 2008 11:45:26 AM
1 million ounces of gold for RSG?
I went through all the drill results from Bakoudou from 2004 to present. There were quite a few holes that weren't shown on the diagrams from Searchgold's homepage. Going through all the News Releases filled in a lot of the gaps.
This updated data resulted in a lower grade average, but with RSG having drilled so many holes and hitting mineralization with such a high rate, one would have to believe there would be more than 7 million tonnes of mineable ore. The decision by management to include the February 2008 and June 2008 drill results in this calculation will hopefully validate this assumption.
Management says this report will be out soon, likely before then end of this month.
I went through all the drill results from Bakoudou from 2004 to present. There were quite a few holes that weren't shown on the diagrams from Searchgold's homepage. Going through all the News Releases filled in a lot of the gaps.
This updated data resulted in a lower grade average, but with RSG having drilled so many holes and hitting mineralization with such a high rate, one would have to believe there would be more than 7 million tonnes of mineable ore. The decision by management to include the February 2008 and June 2008 drill results in this calculation will hopefully validate this assumption.
Management says this report will be out soon, likely before then end of this month.
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