Ah. My calculation of 22k oz did a price conversion of the silver to gold equivalent so it is only the 22k oz gold bit. Otherwise it would be 18k oz gold and 300k oz silver. Still very good revenue for the asset and should provide significant cash generation.
Oh yes but on top I think there are five potential metals, Gold, Silver, Copper, Zinc and Lead, please correct me if I'm wrong. Aledgedy Gold and Silver are the softest metals so the first off the pad, cash in the bank with a bit of bread n butter to follow.
As you say these are exceptionally good grades for tailings 22,000 ozs of Gold which would equate to 374,000 ozs of Silver @ 17-1 each year for five years..... Hmmm
Anybody know about the mine? Obviously the tailings have come from somewhere.
Oh, I think that the grades are exceptional for tailings. They would be good for open pit but you don't even have to dig the stuff out of the ground here! A licence to print money provided you can get the right deals in place. 5 years production at an equivalent of about 22k oz gold per year should yield pretty good cash generation.
Arian Silver Corporation (“Arian Silver” or the “Company”) is pleased to announce that, further to its press release on 4 May 2016 which announced the Company had secured the exclusive right for 120 days to evaluate a gold and silver tailings project held by Tierra Nuevo Mining Ltd (“TNM”), the period of exclusivity has been extended by a further 60 days to 28 October 2016. There was no cost incurred in the arrangement of the extension.
As reported previously, a NI 43-101 report prepared for TNM in 2012 outlined an indicated mineral resource containing 1 million tonnes with 3 grams per tonne (g/t) gold and 55 g/t silver, representing approximately 100,000 ounces (oz) of gold and some 1.7 million oz of silver.
I can certainly relate to your concerns. Im fully loaded here been invested for a long time, watched the ups and downs, averaged down and topped up, But I've got a good feeling about this having researched grades of other mining company's. When you seeGold grades of .65 and .95% it makes you realise what is in those tailings. Blimey all you need is a bit of battery acid, job done!!!! LOL 17-1 isn't bad either although I have seen a lot higher. Also I get the feeling Gold is about to do something. But who knows I'm No Expert.
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