InvestorsHub Logo

Hunter6110

12/01/08 5:30 PM

#20923 RE: hickoryjones #20898

Ok here is some information on how much rock/material is moved to find/porcess gold and how much gold recovered per ton.
http://www.ask.com/bar?q=Ask+Jeeves&page=1&qsrc=121&ab=0&u=http%3A%2F%2Fwww.ask.com%2F
Currently, the largest gold mining operation in Alaska is the Fort Knox Mine near Fairbanks. In 1999 the ore grade was .95 grams per ton. At 31.1 grams per troy ounce, they must process nearly 33 tons of material to produce an ounce of gold.
A small operator might be processing material where 10-20 tons would produce an ounce of gold. I have personally worked material with a suction dredge that has had about 1/4 oz. per yard. Some rare material can be measured in ounces per ton (or yard)!
http://www.ask.com/bar?q=Ask+Jeeves&page=1&qsrc=121&ab=0&u=http%3A%2F%2Fwww.ask.com%2F
http://www.ask.com/bar?q=Ask+Jeeves&page=1&qsrc=121&ab=0&u=http%3A%2F%2Fwww.ask.com%2F
A single wedding band produces, on average, at least 20 tons of waste," says Payal Sampat, co-director of a campaign called "No Dirty Gold" that is jointly run by Oxfam America and the U.S.-based environmental group Earthworks.
Although the amount of rock used varies from site to site, a look at Barrick's overall figures for 2004 shows it would take more than 17 tons of rock to extract one ounce of gold from its total proven reserves; Newmont, the former No. 1 producer in the world, had a total of more than 27 tons per ounce in 2004.
"You've got to take the rock, crush it, and process the gold out of it. You cannot uncrush the rock," says Borg.
http://www.nytimes.com/2005/10/24/international/24GOLD.html?_r=1
http://www.ask.com/bar?q=Ask+Jeeves&page=1&qsrc=121&ab=0&u=http%3A%2F%2Fwww.ask.com%2F
Gold is a relatively rare element, making up only 0.0000004% of the Earth’s crust (by mass). You would need at least 250 twenty-ton trucks full of earth in order to recover just 20 grams (just over half of one troy ounce) of gold. That’s a cube of gold with measuring less than one-half inch across! Gold is valuable simply because it’s scarce and difficult to extract.
http://www.ask.com/bar?q=Ask+Jeeves&page=1&qsrc=121&ab=0&u=http%3A%2F%2Fwww.ask.com%2F
In 1997 the Barrick Corporation's Betze-Post Mine in the center of the Carlin Trend moved 159 million tons of rock and earth to produce 1.6 million ounces of gold-a mere hundredth of an ounce per ton. Its pit is now up to 1,600 feet deep, a mile wide and a mile and a half long. Ironically, points out Nevada activist Chris Sewall, this so-called invisible gold leads to colossal pits that can be seen from space, with 350-foot-high leach heaps covering as much as 300 acres.

Based on the above information if the clame from the company making $20.000 per day at 35 tons processed that brings them to 24.48oz of gold for every 35 tons of rock. Making it the worlds richest most productive mine ever and in the whole history of the world...You can bet that is NOT the case...And that is the reason they will NEVER show any sort of assayers report from a know and reputable lab because it is a lie.