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Sierra Gold Corporation Message Board

  • tony.paganini tony.paganini Jan 25, 2011 9:58 AM Flag

    FR Oct 26, 2010

    Excerpt from FR Oct 26, 2010 (From SGCP Website)

    2.Projected gold and diamond extraction numbers are based on testing and equipment currently on site in Sierra Leone. The projections shown below do not include rainy season operations and assumes 180 days of a potential 180 to 210 day dry (mining) season and 6 hours of a 6 to 8 hour operational day. Evaluation of our first rainy season operations has not been completed therefore projection numbers are not available. It is my belief that conservative numbers must be used in any projection formula and is the reason why these numbers below were chosen:

    A) Four dredges at 25 TPH = 100 Tons per hour
    B) 100 TPH x 6 hours per day = 600 Tons per day
    C) 600 Tons per day x 180 days = 108,000 tons
    D) 108,000 tons @ 1 gram of gold per ton = 108,000 grams
    E) 108,000 tons @ .25 carat of diamonds per ton = 27,000 carats in diamonds