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Saturday, December 08, 2012 2:36:36 PM
All I see is a chart and without a lab that did the analysis this is worthless information.
There are several other items that raise some concern about the validity of the posted results.
1. There is no lab or qualified person listed in press release, it should be something similar to this:
Qualified Person
The drill program is being carried out under the direction of Mr. John F. Whitton, P.Geo, qualified person within the meaning of National Instrument 43-101. Mr. Whitton has reviewed the contents of this news release.
Sample preparation and assay procedures are carried out by ALS Laboratories using standard fire assaying with an AA or gravimetric finish where appropriate.
2. There is something wrong with these numbers:
37 holes totaling 3,246m have been completed at Gran Cabrera Mine
3. Your analysis of the amount of gold at Gran Cabrera is faulty. You can't take averages of the grade of ore - it doesn't work that way. Do you know the geometry of the mine and the drill pattern - the answer is no. Also, you don't get 100% recovery and you always make this mistake - Goldcorp averages 68% recovery in all of the Mexico operation. Also, for a gold mining operation silver is a by-product and the recovery is extremely low - so your numbers are pure fantasy. Plus, I don't see many 8.9 grams/ton of gold ore in Mexico. For Goldcorp here you go: (1.60, 0.37 and 0.74)grams/ton! The SRGE numbers are sketchy at best and fraudulent at worst.
Again, with all SRGE press releases there are more questions than answers and more RED FLAGS!
IG
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