Thanks for posting the link desie101, very interesting. Clearly...

Thanks for posting the link desie101, very interesting.

Clearly there is  huge upside to the exiting resource at Lomero!  I come across this report while doing some googling, it an old cambridge resources announcement from 2002 titled Gold Resource at Lomero-Poyatos Upgraded to 2.1 Million Ounces. I'm not sure if it's been circulated already or not.

Well and truly worth a read for WFE supporters!    

http://www.investegate.co.uk/article.aspx?id=200211180730038676D

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Monday 18 November, 2002 Cambridge Min. Res.Gold Resource EstimateCambridge Mineral Resources PLC18 November 200218 November 2002 Cambridge Mineral Resources plc Gold Resource at Lomero-Poyatos Upgraded to 2.1 Million OuncesCambridge Mineral Resources plc ('Cambridge' or  'the Company') is pleased toannounce an upgraded resource estimate in respect of the Lomero-Poyatospolymetallic deposit (gold, silver, copper, zinc and lead), located in theIberian Pyrite Belt (IPB) in Southern Spain, of which the Company has a 100%interest in the mining rights of the project area. The IPB is the largestmassive sulphide province in the world and Lomero-Poyatos is notable for havingthe highest recorded gold grades in the belt.Steffen Robertson and Kirsten (UK) Ltd ('SRK') independent consultants to themining industry were commissioned to review and comment on the resource atLomero-Poyatos. The estimate has been prepared in accordance with the guidelinesset out in the Australian Code for Reporting of Mineral Resources and OreReserves (The JORC Code).SRK has concluded that an Indicated and Inferred Mineral Resource of some 20.6Mt at an average grade of 3.1 g/t gold, 2.1Moz, is supported by the current dataat the Lomero-Poyatos deposit.Of the 20.6Mt, some 18.8Mt is considered to have reasonable prospects of beingeconomically mined by open pit. This comprises an Indicated Mineral Resource of1.6Mt at 5.1 g/t gold, 0.3Moz, and an Inferred Mineral Resource of some 17.2Mtat 2.9g/t gold, 1.6Moz.A further 1.9Mt at 3.4 g/t gold, 0.2Moz, is considered to have reasonableprospects of being economically mined from underground; this is also consideredto be an Inferred Mineral Resource.SRK considers there to be good potential to upgrade much of the deposit to theIndicated category with some targeted twin intersections and that furtheradvancement to deriving Ore Reserves will be relatively straight forwardcompared to other advanced exploration projects.Further, the deposit is open down dip to the northeast which coincides with ageophysical anomaly. The north-eastern part of the deposit carries some of thehighest gold grades in the underground sample and contains Cambridge/Newmont'sbest drilling intersection. SRK considers that an extension to the model in thisarea could add a significant high grade tonnage to the existing MineralResource.In addition the SRK Mineral Resource Statement reports the following MetalContents: Au Ag Zn Cu(Moz) (Moz) (Mlb) (Mlb) 2.1    46    1,488   552As a consequence of this upgraded Resource, SRK are currently developing arevised Conceptual Mining Study, in respect of Lomero-Poyatos.  It isanticipated that the results of this study will be released during December2002.For more information please contactavid Bramhill   Leesa Peters/Cindy DennisCambridge Mineral Resources plc Capital PR+ 44 (0) 117 957 3666    + 44 (0) 20 7618 7889+ 44 (0) 780 154 0358    + 44 (0) 781 215 9885email [email protected] Beevers/David Youngman    John Robertson/Robert LoW. H. Ireland Limited    Nabarro Wells & Co. Limited+ 44 (0) 161 832 2174    + 44 (0) 20 7710 7400