St. Elias Mines

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in response to Mrscramer's message

Correction

Its been awhile since we looked at the copper aspect and I had to do some digging to get it straight in my mind again why we were not too concerned with the copper. The sample in the NR is 5.5% copper, BUT it was an anomalous sample and when we averaged the grades out for the Canchete area, the copper grade was only 0.517%, still barely economical by itself. It can be mined in that area as a by-product of the gold if the separation process is not too costly. In the A-4 area, above the anomaly, the average copper grade was only 0.038%, NOT economical.

Here is further testament that we are a suspected gold play, this is taken from the last tech report;

The research, site visit,

Property inspection and data compilation conducted with respect to this Report, have lead the

author to the conclusion that the Tesoro Property represents a solid gold exploration target that

warrants a systematic and phased series of mineral exploration programs to adequately appraise

the Project’s economic potential.

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sculpin
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St. Elias Mines
Symbol
SLI
Exchange
TSX-V
Shares
130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
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