JORC Compliant Resources on Tanzanian Royalty Properties
Staying with the resources theme, for those willing to consider resources of an alternate standard two of TRE's properties currently under royalty agreements with Sloane Developments (now owned by Kibo Mining) contain JORC compliant resources.
Luhala - A resource calculation commissioned by Sloane Developments Ltd in 2007 ( now a wholly owned subsidiary of Kibo) based on drilling and trenching carried out by Tan Range in the period 1996 - 2006 reported a JORC inferred resource of 1,860,000 tonnes @ 1.9 g/t for 111,900 ounces of gold. This resource was calculated from three target zones, Shilalo West, Shilalo South and Kisunge located in an area known as Luhala Hills. The resource calculation was carried out by CSA Global.
Why, if there is so much gold there and they have known it since the 1990's is it not being mined already. Seems like you would go in there, get your permits and put the equipment in and start mining 1,2,3.
LMAO!!! How about defining a resource? How about building a mine so that when gold goes to XXXX or XXXXX, the mine will be ready to start producing gold?
Sinclair is not dumb. The less you know and the less the market knows, the better off the stock is. If he were to drill the property and release the results, the stock would tank 99%. Better to keep everyone in the dark. Sometimes perception is better than reality when it comes to stocks.