re: Ann: EVG Updates Results from San Gerardo...
The copper target in Equador is " about 100 Ha in area (main target). That's 1,000,000 square metres. At an SG of 2.5 that gives 2.5 Mt/vertical metre. Gown to 40m that's 100 Mt. A nearby project by another Australian company has a similar Cu-Mo-Au pipe which is running 0.4 Cu and some gold (from recollection). So 100 Mt at 0.5% Cu (+ some moly) is 500,000 tonnes of copper. That's 1 Mt of copper to 80m and so on. It will be interesting to see the drilling results. From statements released there are to be 2 rigs drilling there next year on the main and other identified targets. All looking very promising.
EVG Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
