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Tuesday, April 03, 2012 4:15:10 PM
Ore Reserves: The claims show Ore Reserves of 6.75 million cubic yards of ore. The average ore tenor is 0.025 oz/yd. At $1,800 per ounce, the 168,750 ounces of gold are valued at $303,750,000. An unusual and significant attribute of the Gold Star property is that the mineralized black sands, unlike most, appear to contain substantial gold values. Limited testing has shown these values to be fairly uniform across the claims. According to the Jenkins Technical Summary: “If the hi-bar deposits contain (mineralized black sand) gold values throughout, the potential may be staggering, and could far outweigh the free gold placer material.” Ultimately, total mineable free gold reserves are estimated at $700 Million +.
All IMHO
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