InvestorsHub Logo

tsl444

09/10/09 6:56 AM

#13 RE: timhyma #12

Tim - There is a 43-101 resource of 200K inferred ounces of gold for the property. The goal of the company is to prove up at least 1MM ounces. You can do some rough calculations by making estimates at average grade, size of deposit and weight of the rock (specific gravity), but I don't believe that approach is very reliable.

Q: How many ounces do you think you now have at Trinidad, and what are you targeting?

A: We believe we are significantly adding to the resource; however we cannot disclose a number until we have a revised NI-43-101 resource estimate. Our internal goal for this next step in our exploration activity is to focus on the high-grade gold zones that could potentially represent more than 5 million tonnes having a gold grade above 5 grams per tonne (in the Inferred resource category), and of course with very significant upside remaining on the property.