St. Elias Mines

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in response to jon_doe's message

Good post jon,

I believe the important thing, as I have said initially, is to prove the surface up from 0 m,s- 300m,s. A miner will start at the surface to open pit and needs info covering the whole part of the surface to do a feasibilty study and so forth, to figure out the viability of a resource. To focus on depth, is not the thing to do, and could be considered the cosyliest gold to get out, if grades remain the same at depth. No major will come with an offer if we only have info on part of the resource that would take years to get to, the mine life. To get an offer and interest, you have to work from the surface down. We have done that with immense trenching and 43 holes. I believe Arequipa had 29 holes or so done, when they got taken out, so its still possible that we will have sufficient data when everything has been compiled and released.

IMO

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