GOING FOR GOLD IN BRAZIL

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Message: Butia...

Butia...

posted on Oct 15, 2009 12:11AM

"The gold mineralization as defined by drilling using a 0.3g/t Au cut-off grade occupies a 250m by 230m ellipsoid shaped area beginning from surface and has been defined to a depth of about 150m. The gold system is open along strike to the east and the west, and is not well defined to the north and at depth. The density of the mineralized rock averages 2.6g/cm3."


Using those numbers, I come up with 204MM tonnes of mineralization.

(250x230x150 x 2.6 x 100x100x100 / 31) / 35274

To be conservative, cut that in half and use 100MM tonnes at 0.3 g/t = 30MM gm = ~1MM oz.

So Butia may eventually be shown to have 1-2MM ounces in this initial area but this is within a 1400m x 500m alteration zone. This provides an area a multiple of the initial target area for exploration upside.

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