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Re: Fangster post# 44619

Friday, 09/23/2011 2:33:42 PM

Friday, September 23, 2011 2:33:42 PM

Post# of 101798
Fangster,

To add to your comment:

SNEY actually added to the bottom line by adjusting the dredges.

Also it was not Parent/Miller that decided to adjust the dredges, it was our people in the field (Dale Bourassa and others) who know what they are doing.

A decision to not stop the dredge for the cleaning of the sluice dramatically increased our production of the black sand and gold concentrate. We discovered that the sluice was only capturing about 20% of the free gold and 80% (or more) was going directly into the sump. We have modified the dredges so that closer to 100% now goes into the sump and we pump directly from the sump to an area adjacent to the river bank. The concentrates are then moved to our secure compound awaiting future processing. We have left the free gold, which may be substantial, in the black sand concentrate to be extracted under more secure conditions. We are now concentrating on production volume with the black sand/gold concentrates. One of the reports we received stated that there is twice as much concealed gold in the REEs so we wish to recover the most amount of gold under optimum conditions in one operation.

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