re: Ann: Orinoco to Commence Exploration Decl... To work out the...

re: Ann: Orinoco to Commence Exploration Decl... To work out the number of tonnes of gold bearing rock:

Length x Width x Depth x specifc gravity = tonnes of gold bearing rock

(‘specifc gravity‘ is a ratio developed by Archimedes to compare the density of a material to water)

Then multiply by the grade (ie how many grams of gold per tonne)

…...you have the number of ounces of gold in your deposit! [/box]

Decline:

300m X 2.5m X 2m X 2.7 = 4050 tones

8.5g/t = 34,425 grams

1000 onces at $1500 approx = $1.5 million

Cost of Decline:

$2020 X 300m = $606,000