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Energold Gold

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By Landlord

Posted: Friday Nov 5 8:28:30AM 2004

In the news release from EGD they stated: "The project has an estimated Indicated Resource of 1.65 million tonnes grading 2.80 grams gold per tonne (g/t Au) for 149,030 oz contained gold using a 1 g/t Au cut-off" That is 1.65 millions tonnes x 2.80 grams of gold per tonne, divided by 31.61 (grams per oz) gives you the 149,000 oz. But if you look at the core samples at the grams per tonne results are much much higher. Based on the core samples, 2.80 seems too low to correspond. Comments?

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