InvestorsHub Logo

JohnCM

12/08/12 11:48 PM

#77934 RE: I-Glow #77915

Sounds reasonable. I am copying over information which may or may not be accurate. I do not know. Guess we would need drilling and a resource instrument to know for sure.


Average Grade

Ore grade refers to the proportion of gold contained in the ore of a particular mine and is represented in grams per tonne (g/t). According to the World Gold Council4 (WGC), larger and better quality underground mines contain around 8 to 10g/t, with marginal underground mines have averages of around 4 to 6g/t. Open pit mines usually have lower grades from 1g/t to 4g/t, but can be highly valuable despite the lower average grade. A more useful measurement, says the WGC, is cost per ounce, which uses a combination of grade and operating costs (USD/tonne).


"Have you actually checked the ore grade in jalisco with the companies that are actually mining?

I suspect not from what you are posting.

Goldcorp the largest mining company in Mexico has 3 active mines with the following grades are 0.37 grams/ton, 0.74 g/t and 1.60 g/t.

Goldcorp with all of its financial resources could have purchased CM years ago but it has been mined out. Plus, as is stated in the Tumi report the underground mining conditions are too dangerous with the open stopes (in the US this is generally referred to as "old works" where there was previous mining), plus as the Behre-Dolbear report stated the reserves of higher grade ore in the underground mine was too low to continue.

The SRGE drill program numbers have been fabricated - if not where is the lab and who was the "Qualified Person" who was reviewed the drill program and the contents of the press release.

As usual with SRGE there is nothing that can be verified."

IG