Worth some money?11 Dec 2014 19:04
Further Information on Baita Bihor Mine
Official records show an in situ Resource (based on the Russian Reserves & Resources Reporting System) of 1.8m tonnes at 2.19% Cu, 128g/t Ag, 3.46% Zn, 3.07% Pb and 1.41g/t Au. Mine laboratory records and underground inspections with a Niton XRF analyser cross-correlate very closely
Polymetallic mix equates to a copper equivalent grade of 6% or a gold equivalent grade of over 10g/t
400,000 tonne copper-silver-zinc-lead-gold-tungsten-molybdenum ore body identified within the current mine workings on the Antonio 1 and Antonio 2 skarn pipes (non-JORC but conservative estimations by AFCR and Mineral Mining Geologists) - ready to mine
A molybdenum orebody exists on the Blidar Fault, about 150m west of Shaft 1 - it has been mined out to level 18 (bottom of mine) but below that depth it is untouched, but is not included in Ore Reserves or cash flow models
Below are the in-house grades and flotation recovery factors together with back calculations of grades from actual production records
So 1.8m tonnes at 10g gold per tonne at $1250 an oz=?