Wednesday, June 06, 2012 2:57:47 PM
Hi Oliver, welcome to the SIRG board.
SIRG will be restoring this mine to production. We believe they just received approval of their MOP (Mine Plan Operations).
SIRG released their new website last week and a new report doubled their ore reserves and the life of the mine.
The existing ore below the current bench levels from 3695 to 3420 values known between 3420 and 3310 could add another 13 Mlbs. Many holes were abandoned with higher than cut-off grade Cu values in and around the existing pit. Their continuation at depth could prive additional resources. Based on the forgoing, it is safe to assume that the current known resources would provide a minimum of 50 Mlbs of ore; at 5Mlbs/annum, that would support a 10 year mine life.
http://www.sierragroupinc.com/wp-content/uploads/2012/05/L10-Chloride-Copper-Resource-Report.pdf
We believe funding details will be released next week and the LOI to purchase an additional 10% of the mine will close on June 15th.
Check out the I-BOX - tons of information there along with the website. Read the resumes of the BOD members and ask why men with this much experience and education are serving on a little OTC company! We believe they have much bigger goals for SIRG.
SIRG will be restoring this mine to production. We believe they just received approval of their MOP (Mine Plan Operations).
SIRG released their new website last week and a new report doubled their ore reserves and the life of the mine.
The existing ore below the current bench levels from 3695 to 3420 values known between 3420 and 3310 could add another 13 Mlbs. Many holes were abandoned with higher than cut-off grade Cu values in and around the existing pit. Their continuation at depth could prive additional resources. Based on the forgoing, it is safe to assume that the current known resources would provide a minimum of 50 Mlbs of ore; at 5Mlbs/annum, that would support a 10 year mine life.
http://www.sierragroupinc.com/wp-content/uploads/2012/05/L10-Chloride-Copper-Resource-Report.pdf
We believe funding details will be released next week and the LOI to purchase an additional 10% of the mine will close on June 15th.
Check out the I-BOX - tons of information there along with the website. Read the resumes of the BOD members and ask why men with this much experience and education are serving on a little OTC company! We believe they have much bigger goals for SIRG.
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