All indications are that SIRG has the funding appr
Post# of 144482
All indications are that SIRG has the funding approved with a permit contingency.
SIRG is OTCQB, a junior mining company that is on schedule to return the Chloride Copper mine to production in early 2013. Here is the mine as shown on Google.
This heap leach pond will be replaced with a larger pond.
The existing pit will be re-engineered and enlarged during the 2nd year of operation.
The recent Rizzo Report increased the reserves and they are higher than previously estimated. The existing ore below
the current bench levels from 3695 to 3420 values known between 3420 and 3310 could add another 13 Mlbs. Many holes were abandoned with higher than cut-off grade Cu values in and around the existing pit. Their continuation at depth could
prove additional resources. Based on the forgoing, it is safe to assume that the current known resources would
provide a minimum of 50 Mlbs of ore; at 5Mlbs/annum, that would support a 10 year mine life.
http://www.sierragroupinc.com/wp-content/uplo...Report.pdf
x
(0)
(0)