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Assay Results - Clara, Burnt Well & Clara Exploration Properties Published: Mar 26, 2014
These calculations and interpretation is based on my own opinion. Total weight 20 samples 49.58000 pounds Gold 0.000499 grams =$0.01816 Silver 0.0077 grams =$0.00492 Copper > 38.207 grams =$0.25484
Copper: 2 samples were greater than 10,000 ppm and what that means is it was high value and above the chart range. I only calculated Ag, Au, Cu… with todays market per gram. When you look at the table and see ppm (parts per million) is a 1:1 ratio for mg. Then you take the and then convert to grams.
For example 10,000 ppm = 10,000 mg = 10 grams
Interpretation:
Are these great results? No Are these bad results? No Do these properties have value? Yes
End result it cost money to take larger samples and core samples and years to survey the amount of acreage that GNCP owns.
You decide what to do but IMO this assay report is a decent start and GNCP with have a run and it does not matter if the quarter report is negative or positive these properties have value. The only reason the quarter report would be negative would be due to the operational cost to explore and pay the staff. Once they reveal the assay report for White Hills and it shows value, or even better higher value, like this report then that opens the door for joint venture and begin the excavation process.
GLTYA! $$$$$GNCP$$$$$ |
