Post by Goldweiss on Dec 17, 2004 22:46:43 GMT -5
RE: Eurasia GOLD $441.40/ounce +$4.90 per ounce
Goldweiss did print some translations out
included with the Christmas cards sent,
Merry Christmas
Eurasia Gold Corp. EGX has 59 Gold deposits
the USSR classified as
gold deposits which can be mined
for a profit!
In US & CAN an exploration from grassrot to
feasibility study to determinate if a gold
deposit can be mined for a profit will cost
at least $10 million plus per prospect deposit!
USSR determinated that 59 gold deposits EGX
owned can be mined for a profit in 1991
with a POG of about $350 per ounce.
Today with a higher POG it would
be a higher profitand
it is by my valuation
59 times $10 million = $590 million
in real hard asset values at least!
The two operating Gold Mines EGX owns with the
infrastructure would probably cost about
$100 million to rebuilt or create today!
The fair market values for EGX assets with
a low ball figure would be worth about
$500 million today!
===
Eurasia Gold Corp. wishes to announce a 24.5%
improvement in gold recovery at Central Mukur
Monday November 29, 11:05 am ET
TORONTO, Nov. 29 /CNW/ -
Eurasia Gold Corp.
(TSX-V symbol: EGX - News):
Subsequent to the commissioning of the crushing and
agglomeration complex ("complex") at
Central Mukur the operational trials using the complex
have improved the gold recovered from the leaching
operations by 24.5%.
The method used prior to the introduction
of the complex at Central Mukur for stacking
and irrigating untreated run of mine ore onto
the leach pads was by using 30 tonne dump trucks
and levelling the ore using a bulldozer.
Compaction of the ore is unavoidable using this
system and the gold recovered from the leaching
operations was 58.2%.
The new complex is designed to process 180
to 200 tonnes per hour, resulting in an annual
nominal treatment capacity in the range
of 700,000 to 750,000 tonnes.
To further improve the efficiency of the system
and to avoid damage and compaction of the prepared
agglomerates the material is now placed on
the leach pad by using grasshopper conveyor system
and radial stacker prior to final irrigation.
The recovery rates now being achieved using the new
complex and stacking system for the ore currently
being mined is 72.5%.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE
www.newswire.ca/en/releases/orgDisplay.cgi?okey=13970
For further information
contact Baltabek Mukashev,
President and CEO,
+ 7 3272 581 081,
baltabek@charaltyn.kz
Ismail Nishanbayev, CFO,
+ 7 3272 581 081,
mnishanbayev@nursat.kz
Graham Bevan,
Director,
+ 44 7789 721952,
graham.bevan@eurasiagold.com
Eurasia Gold Corp.,
(416) 504-2899,
info@eurasiagold.com
Source: Eurasia Gold Corp.
biz.yahoo.com/cnw/041129/eurasia_gold_recovery_1.html
Eurasia Gold Corp. - Third Quarter Report 2004 -
Net earnings Net earnings for the third quarter of 2004
were US$970,000.00 or
US$0.01 per share compared
to $169,000 or $0.00 per share for the same period in 2003.
- This improvement is primarily due to increased share
- of production and higher realized prices,
~ and a new management turning EGX around
~ to be a moneymaking GOLD MINES Producer.
- 100% owned -
- Andas Altyn LLP (the “Andas-Altyn”),
- Gold Mining Operations
During the third quarter of 2004,
430,098 tonnes of ore were placed on the leach pads,
compared to 387,589 tonnes in the third quarter of 2003.
The amount of gold precipitated during
the third quarter of 2004
was 10,086 ounces, compared
to 8,596 ounces in the third quarter of 2003.
Gold sales for the nine months of 2004
amounted to 19,791 ounces compared
to 17,778 ounces in 2003 for the same period.
The Board is continuing with its chosen strategy
of running Eurasia on an un-hedged basis.
The increase in gold sales from the previous year
is partly due to the increase in gold recovery
from using the new crushing and agglomeration
complex at Central Mukur and the increase in
gold production from the mining operations
at Myaly.
The mining licence extension at Myaly mine site,
which has been extended and
granted to January 2006 to continue operations
on an economic basis and complete
the recovery process of mined ore,
allows for further exploration of the ore zones
known as East Myaly.
Following this exploration programme the SCR
are prepared to consider a further application
to extend the mining licence to allow
the mining of this area.
It is proposed to continue with additional exploration
of the existing ore zones at Myaly
to further increase the mineable resource.
In line with this exploration programme,
the application, submitted to the SCR in 2004,
was approved in April 2004 to continue mining.
Myaly Gold Mines Operation:
Myaly On Balance Mineral Resource Units
C1 (Indicated) / C2 (Inferred)
Gold Content (kg) 438.8 / 638.5
www.sedar.com/csfsprod/data50/filings/00711907/00000001/n%3A%5CClients%5CEurasia%5C3rdqtr%5CMDA3rd.pdf
EGX Eurasia GOLD Mines $441.40 per ounce
Low Cost Gold Production,,,
www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Language=en&QuoteSymbol_1=EGX&x=27&y=7
Still the stock market in Canada
have a fire sale bargain market value
of only $10,649,903
- as of today based on the EGX shares
outstanding and the values you found
at TSE following link --
www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Language=en&QuoteSymbol_1=egx&x=38&y=3
Net Shares Outstanding 118,332,250
Float Quoted Market Value 11,833,225
The strategic fire sale market value
is about 1/50 of the real market value!!!
Its makes me glad that I still can
pick up real dollars hard asset values for less
than a quarter,
tia. - imo!
Goldweiss did print some translations out
included with the Christmas cards sent,
Merry Christmas
Eurasia Gold Corp. EGX has 59 Gold deposits
the USSR classified as
gold deposits which can be mined
for a profit!
In US & CAN an exploration from grassrot to
feasibility study to determinate if a gold
deposit can be mined for a profit will cost
at least $10 million plus per prospect deposit!
USSR determinated that 59 gold deposits EGX
owned can be mined for a profit in 1991
with a POG of about $350 per ounce.
Today with a higher POG it would
be a higher profitand
it is by my valuation
59 times $10 million = $590 million
in real hard asset values at least!
The two operating Gold Mines EGX owns with the
infrastructure would probably cost about
$100 million to rebuilt or create today!
The fair market values for EGX assets with
a low ball figure would be worth about
$500 million today!
===
Eurasia Gold Corp. wishes to announce a 24.5%
improvement in gold recovery at Central Mukur
Monday November 29, 11:05 am ET
TORONTO, Nov. 29 /CNW/ -
Eurasia Gold Corp.
(TSX-V symbol: EGX - News):
Subsequent to the commissioning of the crushing and
agglomeration complex ("complex") at
Central Mukur the operational trials using the complex
have improved the gold recovered from the leaching
operations by 24.5%.
The method used prior to the introduction
of the complex at Central Mukur for stacking
and irrigating untreated run of mine ore onto
the leach pads was by using 30 tonne dump trucks
and levelling the ore using a bulldozer.
Compaction of the ore is unavoidable using this
system and the gold recovered from the leaching
operations was 58.2%.
The new complex is designed to process 180
to 200 tonnes per hour, resulting in an annual
nominal treatment capacity in the range
of 700,000 to 750,000 tonnes.
To further improve the efficiency of the system
and to avoid damage and compaction of the prepared
agglomerates the material is now placed on
the leach pad by using grasshopper conveyor system
and radial stacker prior to final irrigation.
The recovery rates now being achieved using the new
complex and stacking system for the ore currently
being mined is 72.5%.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE
www.newswire.ca/en/releases/orgDisplay.cgi?okey=13970
For further information
contact Baltabek Mukashev,
President and CEO,
+ 7 3272 581 081,
baltabek@charaltyn.kz
Ismail Nishanbayev, CFO,
+ 7 3272 581 081,
mnishanbayev@nursat.kz
Graham Bevan,
Director,
+ 44 7789 721952,
graham.bevan@eurasiagold.com
Eurasia Gold Corp.,
(416) 504-2899,
info@eurasiagold.com
Source: Eurasia Gold Corp.
biz.yahoo.com/cnw/041129/eurasia_gold_recovery_1.html
Eurasia Gold Corp. - Third Quarter Report 2004 -
Net earnings Net earnings for the third quarter of 2004
were US$970,000.00 or
US$0.01 per share compared
to $169,000 or $0.00 per share for the same period in 2003.
- This improvement is primarily due to increased share
- of production and higher realized prices,
~ and a new management turning EGX around
~ to be a moneymaking GOLD MINES Producer.
- 100% owned -
- Andas Altyn LLP (the “Andas-Altyn”),
- Gold Mining Operations
During the third quarter of 2004,
430,098 tonnes of ore were placed on the leach pads,
compared to 387,589 tonnes in the third quarter of 2003.
The amount of gold precipitated during
the third quarter of 2004
was 10,086 ounces, compared
to 8,596 ounces in the third quarter of 2003.
Gold sales for the nine months of 2004
amounted to 19,791 ounces compared
to 17,778 ounces in 2003 for the same period.
The Board is continuing with its chosen strategy
of running Eurasia on an un-hedged basis.
The increase in gold sales from the previous year
is partly due to the increase in gold recovery
from using the new crushing and agglomeration
complex at Central Mukur and the increase in
gold production from the mining operations
at Myaly.
The mining licence extension at Myaly mine site,
which has been extended and
granted to January 2006 to continue operations
on an economic basis and complete
the recovery process of mined ore,
allows for further exploration of the ore zones
known as East Myaly.
Following this exploration programme the SCR
are prepared to consider a further application
to extend the mining licence to allow
the mining of this area.
It is proposed to continue with additional exploration
of the existing ore zones at Myaly
to further increase the mineable resource.
In line with this exploration programme,
the application, submitted to the SCR in 2004,
was approved in April 2004 to continue mining.
Myaly Gold Mines Operation:
Myaly On Balance Mineral Resource Units
C1 (Indicated) / C2 (Inferred)
Gold Content (kg) 438.8 / 638.5
www.sedar.com/csfsprod/data50/filings/00711907/00000001/n%3A%5CClients%5CEurasia%5C3rdqtr%5CMDA3rd.pdf
EGX Eurasia GOLD Mines $441.40 per ounce
Low Cost Gold Production,,,
www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Language=en&QuoteSymbol_1=EGX&x=27&y=7
Still the stock market in Canada
have a fire sale bargain market value
of only $10,649,903
- as of today based on the EGX shares
outstanding and the values you found
at TSE following link --
www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Language=en&QuoteSymbol_1=egx&x=38&y=3
Net Shares Outstanding 118,332,250
Float Quoted Market Value 11,833,225
The strategic fire sale market value
is about 1/50 of the real market value!!!
Its makes me glad that I still can
pick up real dollars hard asset values for less
than a quarter,
tia. - imo!