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Monday, December 10, 2012 7:31:36 AM
I AM POSITIVE THE AMOUNT OF GOLD KATG IS STATING IT HAS AT BIBIANI IS ...Quote "is JORC compliant, and signed off by CAG’s Competent Person, Mr Phil Bentley............ "Revised Ore Reserve estimation
The Gold numbers Kat is using at Ekom Eya are real numbers.
Snowden Mining Consultants (Pty) Ltd. (“Snowdens”) has been retained by CAG in an advisory capacity for the mineral resource estimation procedures. Ukwazi Mining Consultants (Pty) Ltd(“Ukwazi”) has been retained to complete the first phase of mine planning, stope design and scheduling at Bibiani. The current Ore Reserve statement, which has been undertaken by CAG, is JORC compliant, and signed off by CAG’s Competent Person, Mr Phil Bentley. This estimate follows on from previous Ore Reserve estimates (September 22, 2006 and February 26, 2007) where the underground Ore Reserves at Bibiani were undertaken by Snowdens/Ukwazi /CAG using Surpac and Datamine software. A fully audited statement of the current estimate will be finalised by 31 December 2007.
The Ore Reserves are stated at a gold price of US$ 600/oz, and an operational paylimit of 2 g/t Au. Stopes have been designed based on a 2 g/t Au cutoff. " http://www.24hgold.com/english/news-company-gold-silver-reports-fourfold-increase-in-ore-reserves-at-bibiani-gold-mine.aspx?articleid=174180
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