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VETA MINITAS DEPOSIT
Veta Minitas deposit is associated with a mineralized structure lying 250 metres to the west of the Carmen. The initial resource estimate (November 2004) based on 23 holes drilled on the first 150 metre portion of the structure reported 54,300 gold equivalent ounces of Measured & Indicated and 15,700 gold equivalent ounces of Inferred. A further 33 holes have been drilled since the resource estimate.
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Veta Minitas Resources |
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Tonnes |
Gold (g/t) |
Silver (g/t) |
Gold Eq*. (g/t) |
Gold (oz) |
Silver (oz) |
Gold Eq*. (oz) |
|
Measured |
701,000 |
0.63 |
88 |
1.80 |
14,200 |
1,974,900 |
40,600 |
Indicated |
176,000 |
1.03 |
105 |
2.42 |
6,000 |
591,800 |
13,700 |
|
Measured & Indicated |
877,000 |
0.72 |
91 |
1.93 |
20,200 |
2,566,700 |
54,300 |
| Inferred |
400,000 |
0.37 |
69 |
1.28 |
4,500 |
840,000 |
15,700 |
* Gold-equivalent assumes equivalence of 75 units of silver to one unit of gold. Updated: September 5, 2007
This resource estimate was reviewed and approved by Mr. J.B. Richards, P.Eng. in his capacity as Qualified Person. |