From the revival tent: A CNW release from June,18th 2009 mentions POLAR STAR FILES NI 43-101 REPORT ON CHÉPICA COPPER/GOLD PROJECT IN CHILE it reads: As announced on May 21, 2009, the Company together with SRK Consulting of Santiago Chile have refined the geostatistical parameters of the resource model presented in the draft recieved in April. The main difference being the change from one generalized search ellipsoid in the April draft to two sub-ellipsoids orientated parallel to the strike of both sections of the Chépica Number 1 Vein system. The Company has now filed the NI 43-101 compliant Technical Report on SEDAR. Highlights of the report: Total Measured and Indicated Resources of the Chépica Number 1 Vein system are 178.000 tonnes grading 4.1 grams/tonne gold, 9.5 grams/tonne silver and 0,51% copper using an uncapped cut-off grade of 1,3 grams/tonne gold. The current Chépica plant should allow for processing at the designed capacity of 120 tonnes/day of sulphide ore. Operating cost of US$ 8/ton are in keeping with the design and size of the panel. SKR Consulting is of the opinion that there are excellent opportunities at Chépica to expand the current size of the copper/gold project..Later will come back with the Chépica Copper-Gold Project Mineral Resource Statement as from May 8, 2009.
Greece is causing waves and for my money an euro Grexit is more and more likely and whatever happens they will probably stay in the EU. We have learned so far from Jan that eventual placings are done for specific reasons which clearly all add value to XTR; the money is not needed and or used to fill up financial holes!
Jan plans to turn XTR into a major mining house, so it looks like the mid tier plans have been already gone by the board! Very exciting times ahead with also possible more and very good news from Chepica.
From JLP stream CB bought shares in May 2015 and they have Platinum Surface Processing projects; looks interesting!
As far as I remember PAF also went into platinum!
We shareholders provide XTR with cash and confidence because the assets here are real; the question is not IF but rather HOW MUCH we do have. All the positive news is still to come and although I also am disappointed that Jan did not provide any flowers today I am convinced he will do this shortly!
Gold in Chile is a very exciting business, it seems that in 2014 50 metric tons of gold have been produced but untapped estimated gold reserves stand at 3.750 tons; now where is this gold??
Spacemen. Excellent post, but does your item 2 not refer to discounts on the OKiep operations?
A few observations:1. Working May ended Friday 29/05 but month obviously on 31/05. 2. Corpus Christie holiday in S.Amerca made a lot of people take a long week-end off.3. What is the working schedule in the Chepica area during holidays and week-ends. 4.All in all everything looks to me on shedule and we should have news either still this week or early next week.
One of the most exciting question is how big Chepica really is, because we are literally just schratching the surface on around 30% only. What is underneath at depth going on? To me this share is a clear Buy and Hold and I wonder if we ever will get a JORC ,or do we not need this anymore?