3,000,000 tonnes of 1.18% Cu and 2.5 g/t Au of Inferred Mineral Resources, Atikwa Lake Project, Ontario
Highlighted by Hole AT-08-001 which Intersected 183M of 1.57 g/t Au and 0.389% Cu
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Opawica Exploration > Message
Steve-jobs_profile

Re: Does anyone else think we are sitting on a million ounces?

Posted by: glorieux on July 03, 2008 07:40PM

In response to: Does anyone else think we a... by canroc

Actually I talked to Dan today. He was in a good mood but very annoyed at the delays from the lab. Here are some highlights of that conversation:

Waiting on assays for Maebrun zone but basically, we will be close to 1.5M ounces of gold equivalent there.

The Dingman property will be reporting their 43-101 soon (They had to do a new survey and that is what delayed the 43-101 report but the survey is now done) and it will yield about 580k ounces of gold plus quarry products for which a company has approached us to do a JV and this will yield some 4Million dollars for us.

They are trying to get a company called Gekko who have a new technology for concentrating gold/copper to come onto the Dingman property and set up one of their modular designs which has low infrastrure cost, is environmentally very friendly vis-a-vis cyanide use and could yield an annual stream of money for 10 years off that property. This will let us do what we want in terms of going after deeper deposits at Atikwa lake along with going after other anomalies. If this technology is as good as they say it is, we may then use it at atikwa lake or at least get ourselves more leverage when talking with a major.

Dan was great to talk to as usual and I thanked him for his time.

I agree with you that with our low share float and possibly 2M ounces of gold equivalent for which we may not need a major to step in, we will be getting a fair jump in our shares when the market see what we have.

Cheers,

Glorieux



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Executive Address
Opw-clark
Dan Clark
President & CEO
August 01, 2008

Dan Clark goes Beyond The Press Results with the latest drill results from Atikwa

View Broadcast