Monday, November 9, 2009

Kalahari's comments on Century's Lamaque

"PROPERTY ADJACENT TO TWO PAST PRODUCING MINES, SIGMA AND LAMAQUE, WHICH PRODUCED OVER 9 MILLION OUNCES OF GOLD, PRIMARILY FROM NARROW, HIGH-GRADE VEINS ASSOCIATED WITH DIORITIC 'PLUGS'"

"OVER 3.6 MILLION OUNCES WAS PRODUCED FROM THE MAIN PLUG, REPRESENTING THE MAJORITY OF THE LAMAQUE MINE'S 4.5 MILLION OUNCES."

That was a short excerpt from their NR issued last week. What they forgot to mention is that that plug (Century's Lamaque Main Plug) has extremely high potential for a new zone (s) at depth (Century has mentioned in the past that they have some historical drilled data). Also, Century's (u/g) West Plug has the same potential. Together, Century believes that those 2 plugs possess the potential to deliver another 2 million ounces for us. This is in addition to our current 6 million ounces.

These new zones in the Century plugs would be bulk mining zones (my guess, s/b cost effective to mine via bulk mining at depth, especially with say plus US$500 gold).

There is a short note on slide 11 in Century's March 2009 Corporate Presentation (still on the website).

Although the Vulcan modeling initiative may be able to provide further data on these new zones (once the program reaches to those levels), it will still be about another 2-3 years (once dewatering occurs) until we will be able further drill those zones. However, the gold is not going anywhere. Plus, we already have 6 million other ounces to work with.

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