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volume of a cylinder = pi x (r)2 x h r = radius h = height (depth) target is 400m N-S, 500m+ E-W and 500m+ deep using 450m average (N-S + E-W /2) gives radius of 225m volume is 79,500,000 cubic metres 2.6 tonnes per cubic metre = 206,700,000 tonnes at 0.5% Cu Eq average = 1,033,500 tonnes Cu Eq x 2,204 lbs per tonne = 2,277,834,000 lbs Cu Equiv In situ at $4 per lb Cu Eq = $9,000,000,000+ A take out offer at 10% of in situ = $900.000,000 or at 5% in situ = $450,000,000 $2+ per share at 5% in situ EXCLUDING all the other projects and properties!
Sorry for the multiple post Computer acting crazy
Take a look at this beautiful picture
http://i684.photobucket.com/albums/vv207/ziggy300zx/Aguila-Ra.jpg
We have them surrounded
The pit near the bottom of the photo is the Aguila (100% DRV).
The roads across the valley are the Penoles drill roads at Rayacocha.
The red stained hill in the background beyond Penoles is the new 100% DRV owned Mamanina won at auction recently.
There is a lot of copper in them there hills!
DRV now owns 2 big copper properties and Penoles owns one which means DRV owns two thirds of what I believe is going to be a huge HUGE mine.
Hope everyone has held on to their shares and added what they could when we were down.
Exciting days are ahead.
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Take a look at this beautiful picture
http://i684.photobucket.com/albums/vv207/ziggy300zx/Aguila-Ra.jpg
We have them surrounded
The pit near the bottom of the photo is the Aguila (100% DRV).
The roads across the valley are the Penoles drill roads at Rayacocha.
The red stained hill in the background beyond Penoles is the new 100% DRV owned Mamanina won at auction recently.
There is a lot of copper in them there hills!
DRV now owns 2 big copper properties and Penoles owns one which means DRV owns two thirds of what I believe is going to be a huge HUGE mine.
Hope everyone has held on to their shares and added what they could when we were down.
Exciting days are ahead.
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Take a look at this beautiful picture
http://i684.photobucket.com/albums/vv207/ziggy300zx/Aguila-Ra.jpg
We have them surrounded
The pit near the bottom of the photo is the Aguila (100% DRV).
The roads across the valley are the Penoles drill roads at Rayacocha.
The red stained hill in the background beyond Penoles is the new 100% DRV owned Mamanina won at auction recently.
There is a lot of copper in them there hills!
DRV now owns 2 big copper properties and Penoles owns one which means DRV owns two thirds of what I believe is going to be a huge HUGE mine.
Hope everyone has held on to their shares and added what they could when we were down.
Exciting days are ahead.
Wellington West coverage of DRV. 2011 is shaping up to be a great year for DRV. Here is part of the 20 page report.
Duran Ventures (DRV-V)
No rating, No target
Added to WWCM Mining Watchlist
· Site trip showcases geologic potential of the 100%-owned Aguila project. Geologic potential and general scarcity of high-quality copper development assets warrants the inclusion of Duran Ventures in our WWCM Mining Watchlist.
· 100%-owned Aguila project brings to bear high copper grades over long intervals. 17 historic intersections. Highlight hole AGD008 returned 522 m @ 0.63% Cu and 0.049% Mo (0.957% Cu-eqv). 20,000 metres planned for 2011. Cashed up for program.
· 100%-owned Ichuna silver-copper property should also feature in DRV's 2011 exploration program. Also in Peru, Ichuna borders Canahuire, a 5.6mm oz and growing world-class gold-silver asset that was recently discovered by Goldfields/Buenaventura. Noteworthy is that Duran owned the property prior to the discovery of Canahuire and prior to the pick-up in exploration activity in the area.
_______________________________________
Steve Parsons, P. Eng. - Senior Analyst, Mining
Wellington West Capital Markets Inc.
WWCM Research Archives
Duran Ventures Inc. (DRV-TSXV) : Peru Site Visit Highlights Potential of Aguila and Catalysts in the Hopper for 2011
View Summary View Full Report
Duran Ventures Inc. (DRV-TSXV) : Peru Site Visit Highlights Potential of Aguila and Catalysts in the Hopper for 2011
Analyst: Steve Parsons, sparsons@wwcm.com
20k m Aguila drill program planned for 2011 (pending permits).
Program to follow-up on 17 historic intersections, which avg ~0.70% Cu- eqv over 500 m, resource definition, depth extension and step-out testing.
Maiden resource estimate for Aguila expected in Q4/11.
NI 43-101 maiden resource update due in Q4/11; highlight hole AGD008 returned 522 m @ 0.63% Cu and 0.049% Mo (0.957% Cu-eqv).
Drilling at Ichuña project to commence in Q4/11 (pending permits).
Permitting underway at Ichuña (S. Peru) that borders Canahuire (Goldfields/Buenaventura) where a 5.6mm+ oz Au resource has been defined.
No Rating or Target; geologic pot'l supports inclusion in Watchlist.
Dec 2010/Jan 2011 financings totaling ~$7.4mm @ $0.13/sh (subject to 4 month hold) should substantially fund the planned 2011 work program.