Monday, December 10, 2012 1:55:34 AM
..IN 2007 WHEN GOLD WAS MUCH LESS THAN TODAY THE BIBIANI MINEABLE GRADE WAS 2 % GT http://www.miningweekly.com/article/cag-boosts-underground-reserve-estimates-at-bibiani-2007-09-27
As the price of gold has tippled from 2007's prices
The mineable ''cutoff'' grade is only a fraction of even what it was then.
'CAGL estimated about 300,000 ozs oxide gold resources for the Ekom Eya concession. Eight of the holes,
each about 180m long, were drilled into the Ekom Eya property.
The drill hole plan view with intersections clearly shows the gold mineralised trend is in a north-south
direction along almost the entire 600 metre length of the permit (Figure 7).
Inputting of all available data on the concession gave indicated gold resources of about 1,380,887 tons @
6.0g/t (266,380 ozs) within the confines of the concession (Figure 7). However strike extensions remain
open at both ends and at depth."
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