Silver Penny Plays

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PCFG .009 FYI - Posted by SPARK
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Wednesday, October 06, 2010 8:02:40 AM
Re: SPARK post# 159985 Post # of 159991
PCFG - NEW DD UPDATED (thanks Max Power~):
http://www.pacificgoldcorp.com/properties/nevadarae/ore.html

There is a TON of new info on the website , they have very detailed gold numbers on the three id' areas.(black rock, tub springs and mud springs) looks to be about 30 million cubic yards at around .035 (average) oz of gold per cubic yard.... that equates to just over 1 million oz of gold, or over 1.3 billion in gold, BTW they use the word PROVEN for the three id' areas....they must already have completed the NI43-101... and the real kicker at the end of the info states that there are at least 100 million total cubic yards in the unidentified 'other areas'...this is potentially 4-5 billion in additional gold given similar grades as the three 'proven areas'....this is actually amazing.... really a 'news break'...hopefully all will stand up and take notice

Black Rock Canyon
Proven resources in the Black Rock Canyon have been determined to be 1,100,000 cubic yards at a grade of 0.035 ounces per cubic yard. Probable resources (Lower Black Rock Canyon) are estimated at 2,900,000 cubic yards at a grade of 0.039 ounces per cubic

Mud Springs Gulch
Proven resources for the Mud Springs Gulch (i.e. Upper Mud Springs Gulch) have been determined to be 580,000 cubic yards grading 0.03 ounces per cubic yard. Probable resources are estimated at 2,100,000 cubic yards grading 0.02 ounces per cubic yard. Potential resources for this canyon are in excess of 10,000,000 cubic yards.
yard. Potential resources are estimated to be in excess of 8,000,000 cubic yards.

It should be noted that the grade in the Lower Black Rock Canyon may actually be higher than indicated as a number of recent 100 cu yd bulk samples returned values of 0.05 ounces per cubic yard.

South Tub Springs Gulch
Proven resources for South Tub Springs Gulch have been determined to be 300,000 cubic yards grading 0.039 ounces per cubic yard. Probable resources have been estimated at 1,300,000 cubic yards grading 0.032 ounces per cubic yard. Potential resources are in excess of 12,000,000 cubic yards. The Tub Springs Gulch contains the greatest known thickness of gravel on the property with up to 155 feet to the bedrock interface.


Other Areas
Sporadic testing has been carried out in other areas of the property including the Rosebud Gulch where two separate samples returned values of 0.025 and 0.03 ounces per cubic yard. There is also evidence of burled Tertiary channels not visible on surface as well as other unexplored canyons. Potential resources are at least 100 million cubic yards.

http://www.pacificgoldcorp.com/properties/nevadarae/ore.html