4 to 7 grams per ton
The math
4 dev 30.1 = .13289037 = 7.525 tons of ore per ounce of gold.
7 dev 30.1 = .23255814 = 4.3 tons of ore per ounce of gold.
That is pretty rich ore and is easily profitable.
On July 5, 2011, the Company announced that it has received a 43-101 Technical Report on Exploration prepared by SRK Consulting (U.S.) Inc. for the Company’s “Serra du Ouro” Project in Brazil. Ardent Mines acquired all mineral rights in the Serra du Ouro project area, containing a highly mineralized vein of approximately 13 Kilometers in length, by purchasing 100% of the shares of Gold Hills Mining Ltda. in May of 2011. The SRK report is filed as an Exhibit hereto and is also available on Ardent Mines' website www.ardentmines.com . The report was prepared upon SRK's completion of a site visit and the analysis of geological and geophysical evidence. SRK confirmed the existence of a highly mineralized vein containing gold of high grade (4 to 7 g/t), originally prospected by the CPRM, an agency of the Brazilian government.
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