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Re: gump90 post# 8743

Wednesday, 05/16/2012 11:25:42 AM

Wednesday, May 16, 2012 11:25:42 AM

Post# of 31300
Gump......

And Tink -- Red spots on maps mean ZILCH !!!!!!!!!!!!!! If you think all of them are old pits I don't think there ever was a pit on the North Bibiani.


When did I ever say that all the red spots on maps were pits??? Never

Please don’t put words in my mouth.



KAT has their own plan here in their Business Summary http://www.katexploration.com/PressReleases/Business_Summary_Kat_Gold_Holding_Corp.pdf

The balance of the resource estimate of 1,380,887 tons @ 6.0g/t represents a potential 266,380 ozs. This can best be accessed by an open pit operation. Thereafter, underground development and mining could be undertaken to access the deeper unexplored ore body. Favourable topography and the virtual absence of overburden over much of the permit is a key benefit in assessing the approach to the workings as well as minimising extraction costs. The national electricity grid has been extended to the site quite recently and the proximity of the site to Bibiani township (about 7km), a district capital with good infrastructure and social amenities, are all additional advantages for a future mine site.



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