TML thanks again for your thoughts. The 5.3 Million Au oz at La Herradura is the established resource at present. However another +65,000 feet of drilling has occurred at the base of the main pit. Called Centauro Deep they are currently estimating another 4.3 MILLION oz there. It seems this is one of their top projects. That brings the number closer to 10,000,000 oz of gold at La Herradura. That they have been running the pit there since 1997 and they still have that much more to mine is special.
Ownership: (From Fresnillo Website)
Minera Penmont (100% Fresnillo plc)
Location:
Sonora, below Centauro main pit at Herradura
Indicated and inferred resources:
4.3 moz Gold
Pre-operative CAPEX:
US$365m approx
Again if we are even close to whats already been mined fantastic. If our geology is similar and the grades below the pit that much richer....well pass around the tin foil hats. I grew up in the 70's so I have worn some pretty funky stuff.
Appreciate your comments on the Mohave Sonora Mega Sheer while I interpreted that was good geology my grasp of what it means is limited.
I am as anxious as any to get the drilling underway and see where and how rich the basement is. The on going developments at La Herradura keep the imagination fully challenged. As I read the limited references in there reports but watch the resources being employed there to develop the resources I conclude it will be a main focus for them for some time to come. In the interim looks like they plan to pull +400K Au Oz. a year out there. I think that still gets them to the most productive gold mine in Mexico. Plus the deeper they go the richer it gets...
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