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Dear Silver Investor Readers:
We introduced you to La Ronge Gold
Corp (TSX-V: LAR) last week, and now
the company has just put out an
initial mineral resource estimate on
its open-pitable Preview SW Gold
deposit located in Saskatchewan. I
strongly recommend that you take a
read of their latest news release
below.
To sign up to receive the latest
news and media on La Ronge Gold,
Click here [http://www.larongegold.com/?orig=ad].
Initial Inferred Resource of
257,300 Ounces (oz) of Gold (Au)
and Indicated Resource of
138,100 oz Au Grading 2.09
grams/tonne (g/t) Au and 2.12
g/t Au Respectively, at Preview
SW Deposit
December 03, 2012, Vancouver,
British Columbia – La Ronge Gold
Corp. (TSX-V: LAR)…
La Ronge Gold Corp is pleased to
report an initial mineral resource
for the Preview SW deposit located
in north-central Saskatchewan.
The resource estimate outlines
inferred resources containing
257,300 ounces of gold (3.71 million
tonnes grading 2.09 g/t Au) and
indicated resources containing
138,100 ounces of gold (1.96
million tonnes grading 2.12 g/t Au)
based on a 0.50 g/t Au cut-off
grade. The estimate was based
on a total of 22,137 m of drilling
in 142 holes completed by both La
Ronge Gold in 2012 and by Cameco in
the late 1980’s. The core of the
deposit was drilled on a line
spacing of 15 m, and the remainder
of the zone was drilled at 30 m line
spacing. Drill holes were collared
at 5 to 20 m spacing along these
lines. The indicated and inferred
mineral resource estimates reported
herein are contained within a
resource-limiting open-pit shell
(based on a $1300/oz gold price)
along 400 metres (m) of strike and
to a depth of 200 m.
Rasool Mohammad the Company’s
President and CEO, comments “Our
initial resource estimate gives the
Company an excellent foundation to
build from. The open pit resource
grades have met our expectations and
the Preview SW deposit remains open
along strike and to depth, providing
excellent resource growth
opportunities for the future. ”
Mineral resources base case estimate
at a gold cut-off grade (COG) of 0.5
grams/tonne gold (g/t Au) follows:
|
Preview SW Gold
Resources |
|
Category |
COG g/t Au
|
Tonnes |
Au g/t |
Contained oz Au |
|
INDICATED |
0.5 |
1,958,400 |
2.12 |
138,100 |
|
INFERRED |
0.5 |
3,714,600 |
2.09 |
257,300 |
Sensitivity estimates around this
base case to show the sensitivity of
the mineral resource estimate to
changes in cut-off grades are
summarized in the table below.
|
Preview SW Gold
Resources |
|
Category |
COG g/t Au |
Tonnes |
Au g/t |
Contained oz Au |
|
INDICATED |
0.3 |
2,027,300 |
2.07 |
139,000 |
|
INFERRED |
0.3 |
3,880,600 |
2.01 |
259,600 |
|
INDICATED |
0.4 |
2,004,400 |
2.08 |
138,800 |
|
INFERRED |
0.4 |
3,825,600 |
2.04 |
258,900 |
|
INDICATED |
0.5 |
1,958,400 |
2.12 |
138,100 |
|
INFERRED |
0.5 |
3,714,600 |
2.09 |
257,300 |
|
INDICATED |
0.6 |
1,902,800 |
2.17 |
137,100 |
|
INFERRED |
0.6 |
3,613,300 |
2.13 |
255,400 |
|
INDICATED |
0.7 |
1,834,100 |
2.23 |
135,600 |
|
INFERRED |
0.7 |
3,478,700 |
2.19 |
252,500 |
Mineral resources are mainly
constrained by 3D wireframes
representing zones of high shear
intensity and grade continuity.
Beyond these zones a restricted
search was utilized to estimate some
blocks within the surrounding
diorite intrusive. An indicator
kriging interpolation was used to
identify blocks with greater than
50% probability of containing
significant Au mineralization
exceeding an indicator threshold of
0.25 g/t. All other blocks were
excluded from the final grade
estimation and assigned a 0 grade.
Drill hole data was composited on 1
m down-hole intervals, and
composites were capped at levels of
28 g/t within the mineral zones and
at 20 g/t within the surrounding
diorite. Final gold grades were
estimated using the inverse distance
method to the 3rd power (ID3).
Mineral resources are amenable to
open pit mining methods and have
been constrained using a Lerchs-Grossmann
optimized pit. Assumptions used in
the pit optimization include
US$1,300/oz
To read the full news release from
La Ronge Gold Corp., Please go to:
http://www.larongegold.com/news/
Sincerely,
Silver Investor
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . .
Information contained herein has been obtained from
sources believed to be reliable, but there is no
guarantee as to completeness or accuracy. Because
individual investment objectives vary, this Summary
should not be construed as advice to meet the particular
needs of the reader. Any opinions expressed herein are
statements of our judgment as of this date and are
subject to change without notice. Any action taken as a
result of reading this independent market research is
solely the responsibility of the reader. Stone
Investment Group is not and does not profess to be a
professional investment advisor, and strongly encourages
all readers to consult with their own personal financial
advisors, attorneys, and accountants before making any
investment decision. Stone Investment Group and/or
independent consultants or members of their families may
have a position in the securities mentioned. Mr. Morgan
does consult on a paid basis both with private investors
and various companies. Investing and speculation are
inherently risky and should not be undertaken without
professional advice. By your act of reading this
independent market research letter, you fully and
explicitly agree that Stone Investment Group will not be
held liable or responsible for any decisions you make
regarding any information discussed herein.
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