SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: January 30, 1997
GOLDEN EAGLE INTERNATIONAL, INC.
----------------------------------------------------
(Exact name of registrant as specified in its charter)
Colorado 0-23726 84-1116515
- -------------- ----------- ------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
4949 South Syracuse Street, Ste. #300, Denver, Colorado 80237
- ------------------------------------------------------- --------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 303-694-6101
<PAGE>
Item 1. Changes in Control of Registrant
--------------------------------
None.
Item 2. Acquisition or Disposition of Assets
------------------------------------
None.
Item 3. Bankruptcy or Receivership
--------------------------
None.
Item 4. Changes in Registrants Certifying Accountant
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None.
Item 5. Other Events
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a. The Company received the report of Guido Paravicini containing
the results and conclusions of his sampling and investigation of
the Company's mineral prospect on the Tipuani River in Bolivia. A
copy of the report sans graphic exhibits (they can't be
edgarized) is attached hereto.
b. Management believes that the report, though positive in certain
respects, cannot be interpreted as definitive or assured as to
evaluation of the entire property. The property has not been
extensively drilled throughout its breadth and length. The report
results are from a very limited sampling. Alluvial deposits may
have small areas of higher grade mineral content which would
never be consistent with the entire prospect, which could have
little or no valuable minerals, but could require great expense
to mine. In other words, no reader of the report should expect,
-- interpret, or forecast any profitable mining operation due to
many variables as yet unknown and unforeseen.
Item 6. Resignation of Directors
------------------------
None.
Item 7. Financial Statements Pro Forma Financial & Exhibits
---------------------------------------------------
Financials - None.
Exhibits - Report of Guido Paravicini.
<PAGE>
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: January 30, 1997 GOLDEN EAGLE INTERNATIONAL, INC.
By: /S/ MARY A. ERICKSON
--------------------------------------
Mary A. Erickson, President
SUMMARY GEOLOGICAL REPORT
ON THE GOLD DEPOSITS AT CANGALLI, BOLIVIA
ING. GUIDO PARAVICINI P., MA.
MINING ENGINEER & GEOPHYSICIST
JANUARY 20, 1997
1. INTRODUCTION
Early in December of 1996, Golden Eagle International, Inc. ("Golden Eagle"), a
mining company located in Denver, Colorado, contracted the author's professional
services as a mining engineer and geophysicist, to carry out the following tasks
relative to the gold deposits at CANGALLI, Bolivia: Review the geological
literature and studies regarding the region, the Tipuani Mining District, and
the local area surrounding Cangalli; conduct field studies of the local geology;
conduct a sufficiently-in-depth sampling program to verify the mineral resources
and reserves on the claims owned by the Unidas Cangalli Gold Mining Cooperative,
but which are controlled under contract by Golden Eagle's Bolivian subsidiary;
recommend appropriate mining methods to be employed; and finally, verify Golden
Eagle's rights to legally mine the claims under study. Even though the Cangalli
area was well-known to the author, a 10 day field study was carried out in
mid-December of l996. An additional 21 day period during the end of December,
l996, and the beginning of January, l997, was dedicated to a review of the
information gathered in the field, and of the literature available in the
libraries of Geobol, Bolivia's geological survey; the Ministry of Mines; FONEM,
the Bolivian National Exploration Fund; and UMSA, the National University of San
Andres. A full report of the field, laboratory, research and office work
performed will be finished by January 28, 1997. However, Dr. Terry C. Turner,
Golden Eagle's attorney and legal representative in Bolivia requested this
Summary Geological Report to be able to inform Golden Eagle's Board of Directors
and Shareholders of the Final Report's essential findings.
2. LOCATION
Figure 1 (See, Attachment 1) shows the Tipuani Mining District's location, about
100 kilometers N-NE of the city of La Paz in a straight line. However, the road
into the District is about 270 kilometers long. The District covers close to 60
square kilometers over the middle and lower Tipuani River. It can be reached by
road, road and river, or small airplane (to within 40 kilometers). The Cangalli
gold deposits, and the claims controlled by the Golden Eagle's subsidiary (See,
Attachment 1, Figure 2: Claims Map), are found approximately in the middle of
this District.
<PAGE>
3. GEOGRAPHY
The village of Cangalli is at about 1,500 meters of altitude above sea level.
The area lies at the foothills of the Oriental Cordillera range of the Andes, in
the narrow Tipuani River Valley (See, Attachment 1, Figures 1,2 and 3, &
Attachment 4, Photos 1,2 and 3). The current course of the Tipuani River is
steep, especially its upper and middle parts. It carries nearly 16 to 18 cubic
meters per second at its lowest level, during the dry season of May to
September. It runs E-NE. The climate is sub-tropical to tropical, warm and
humid. The vegetation increases, again, from sub-tropical to tropical with the
decrease in elevation.
4. HISTORY
The Tipuani gold deposits, and in particular those found at Cangalli, Bolivia,
have been worked since pre-Inca times, for well over 1,000 years. The Tipuani
Mining District is a well known gold district. It has produced many tons of the
precious metal through its mining by the Incas, Spaniards, and later on by
Bolivian and foreign individuals and companies. These companies include the
Aramayo Company, South American Placers, Inc., and the many mining cooperatives
organized since the 1950's all over the District.
5. GEOLOGY
5.1. There is rather large NW-SE regional trough, 200 kilometers long by 30
kilometers wide between the Ortho-andean and Para-andean ranges of the
Cordillera Real range, which is a northern section of the Oriental Cordillera
range (See, Attachment 1, Figures 3,4 and 5). This depression has been formed by
igneous intrusions and epurogenic movements during the early Jurassic (Hercinic
diastrophy) and Miocene periods. With its related tilting of the sediments
uplifting their eastern part, together with their strong folding and
longitudinal and transverse faulting, it produced a graben structure. During the
late Miocene to Pliocene this narrow depression, with Devonic and Ordovicic
slates, phyllites and schists at its bottom, was filled up by the products of
the weathering and erosion of the uplifted parts of the Cordillera.
In this way, the gold-bearing Cangalli Conglomerates were formed. The Lower
Member, or Blue Cangalli, was hard and well cemented. (See, Attachment 4, Photo
4.) The Upper Member, or Red Cangalli, had a total thickness varying from 100 to
500 meters. (See, Attachment 4, Photos 1 through 7, & 11.) Together they filled
the paleochannel of the Tipuani River and its tributaries, forming the
subsequent paleoplain. This was eroded by the same Tipuani River to form its
present course and valley. (See, Attachment 1, Figures 5 and 6.)
5.2. The schematic sequence referred to above, gave rise to the two main types
of deposits of the Tipuani District:
<PAGE>
5.2.1. The paystreaks at the bottom, and at various other levels in the Cangalli
Conglomerate Formation: that is, in the paleochannel and its remnants as
terraces. (See, Attachment 4, Photo 11.)
5.2.2. The present Tipuani River alluvials: beaches, banks, low terraces, and
gravels at the sides and bottom of the river. (See, Attachment 4, Photo 1.)
These deposits have been high-graded during the last decades.
The Tipuani District deposits are syngenetic, with grades varying from a few
grams, to several ounces of gold per cubic meter. At the Tujojahuira shaft sunk
by the Aramayo Company in 1944, the United Nations survey team later verified
that a lens was encountered on the Ordovicic bedrock of 1.2 square meters with
gold content of 112 kilograms of gold per cubic meter. Gold in these paystreaks
occurs as scales, small particles and nuggets.
(See, Attachment 4, Photos 21, 22 and 23.)
6. MINING AND METALLURGY
The mining and metallurgy of gold in the Cangalli area has been mostly
rudimentary since its beginnings to the present. Only the largest particles have
been recovered--mainly those larger than 1 mm. However, the recovery has been
disastrous: from 20% to 50% at most.
The traditional mining methods which have been used have employed small shafts
sunk to bedrock, and adits crawling along bedrock, to high-grade the deposits.
These methods have been incredibly inefficient as well as dangerous for the
miners. They have also ruined most of the worked deposits, removing the
high-grade and leaving lower-grade, but still feasibly recoverable material
on-site.
The Unidas Cangalli Gold Mining Cooperative had sunk a safer and more
professional shaft due to the guidance of the mining engineers and geologists
that they had hired initially. Golden Eagle's subsidiary received interior mine
workings which were conceptually well constructed, but which had not been
adequately maintained due to the Cooperative's financial difficulties. Golden
Eagle's subsidiary has carried out major rehabilitation of the shaft and adit
structures, and has over 1,600 meters of interior mine workings. I would
estimate that the value of those workings is in excess of $us3 million, and may
be closer to $us5 million. (See, Attachment 5, Plans 1,2 and 3.) My
recommendations in my final report will include open-pit mining techniques to
increase tonnages of gold-bearing material processed, as well as the use of
milling of head ore to liberate the contained gold from the over-sized fraction,
and expose the gold in the under-sized fraction. (See, Attachment 2, Mineral
Sampling Results.) The recommended recovery techniques will include a gravity
circuit, as well as an agitated vat cyanide leach circuit.
<PAGE>
7. SAMPLING
Due to time limitations, and the desire to verify a perceived geological trend
in the surface manifestation of the paleochannel, a systematic sampling at the
road cuts every 100 to 200 meters, (See, Attachment 4, Photo 7.) and at more
exposed sites, such as the pits at Chaco and San Juan (See, Attachment 4, Photos
5 and 6). In addition, we extensively sampled underground at the Cangalli Shaft.
Each sample weighed approximately 1 Kg and was separately panned. The fine
tailings were saved together and sampled for the laboratory. (See, Attachment 4,
Photo 20.)
A sample of quartzite, and another of rounded hard iron oxide, were also taken
at random as "grab samples" and sent as they were to the chemical laboratory.
A total of 107 samples were taken in the field and assayed by Inspectorate
Laboratories, a well-respected international assaying lab. (See, Attachment 3,
Lab Assay Results.)
8. RESULTS
8.1. The results are shown on the laboratory certificates, (See, Attachment 3,
Lab Assay Results), and the 16 tables accompanying this report. (See, Attachment
2, Mineral Sampling Results.) Column 3 of those mineral sampling results shows
the gold grades in grams per cubic meter, separated in groups for the different
sectors of the claims under the Company's subsidiary's control. These values
were calculated in the usual way--from pan concentrate grades and their
weights--together with the weights of the field samples. A figure of 1.8 was
used for the specific gravity of these field weights.
The average gold grades for each sector vary from a minimum of approximately
.100 g/m3 to approximately 6 g/m3, with an overall average of 1.499 g/m3. This
grade is certainly good enough for massive types of mining, an open-pit
techniques are highly recommended.
8.2. Up to this point standard methods were used to establish the grades
resulting from the sampling program. However, a striking fact showed up in the
sampling: the batea (conical pan) fine tailings (the under-sized fraction)
assayed with an average gold grade of 27.068 g/m3, meaning that this is by far
the richest fraction in the Cangalli deposits. Obviously, from ancient times
through to the present mining operations, this fraction has always been ignored
and discarded. A similar phenomenon happens with the rock samples (the
over-sized fraction)-- with an average assay of 5.657 grams per cubic meter--of
course also traditionally being discarded.
<PAGE>
From the over-sized fraction, or rock samples, I have calculated a conservative
grade of 2.419 g/m3 for the pan gross tailings. The results from the assays of
the over and under-sized fraction, plus those for the pan concentrates
previously calculated, are combined for the total average gold grades shown on
the tables' column 4 (See, Attachment 2, Mineral Sampling Results). These total
results run from an approximate low of 10 g/m3 to a high of 19 g/m3 with an
average of 14.049 g/m3, which is very high for these types of gold deposits. It
is my opinion that this may even increase once better sampling can be carried
out on the over-sized fraction.
In formulating a mine plan for the near-term, the first thing that becomes
apparent is that these deposits can and must be worked by open-pit mining
methods. The recovery of the "microscopic" gold has to be accomplished by
agitated vat cyanide leaching techniques. I believe that very significant and
far-reaching discoveries will be made in the remainder of the Cangalli gold
deposits specifically, and the balance of the Tipuani River Basin deposits in
general, as a result of this concept.
9. RESOURCES
The qualitative and quantitative knowledge regarding the Cangalli gold
deposits is sufficient to satisfy the standards and requirements of the
worldwide mining industry relative to definitions of Resources and Reserves. For
evaluating and quantifying those Resources established in this report, the
author has used the following definitions:
Resource.
A concentration of naturally occurring material in such form and amount that
economic extraction of a commodity from the concentration is currently or
potentially feasible. Location, grade, quality, and quantity are known or
estimated from specific geologic evidence. To reflect varying degrees of
geologic certainty, resources can be subdivided into Measured, Indicated and
Inferred.
Measured - Quantity is computed from dimensions revealed in outcrops, trenches,
workings, or drill holes. Grade and/or quality are computed from the result of
detailed sampling. The sites for inspection, sampling, and measurement are
spaced so closely and the geologic character is so well defined that size,
shape, depth and mineral content of the resource are well established.
Indicated - Quantity and grade, and/or quality, are computed from information
similar to that used for Measured Resources, but the sites for inspection,
sampling, and measurement are farther apart or are otherwise less adequately
spaced. The degree of assurance, although lower that for Measured Resources, is
high enough to assume geologic continuity between points of observation.
<PAGE>
Inferred - Estimates are based on geologic evidence and assumed continuity in
which there is less confidence that for Measured or Indicated Resources.
Inferred resources may or may not be supported by samples or measurements but
the inference must be supported by reasonable geo-scientific data.
Reserve.
A Reserve is that part of the Resource that meets minimum physical and chemical
criteria related to the specified mining and production practices, including
those for grade, quality, thickness, depth; and can be reasonably assumed to be
economically and legally extracted or produced at the time of the determination.
The feasibility of the specified mining and production practices must have been
demonstrated or can be reasonably assumed on the basis of tests and
measurements.
Proven Reserve. - That part of a Measured Resource that satisfies the conditions
to be classified as a Reserve.
Probable Reserve - That part of an Indicated Resource that satisfies the
conditions to be classified as a Reserve. The resources previously estimated for
the claims under the Company's subsidiary's control at Cangalli were calculated
with a conservative average grade of .500 g/m3. This calculation, on the basis
of the sampling program reported in this report, will have to be increased by
approximately 28 times, for an average grade of 14.049 g/m3 of gold. Using the
definitions set out above, and the overwhelming evidence of geologic continuity,
it is my opinion that the portion of the Cangalli claims that I studied, which
would have been in any event less than half of the claims under contract,
contain an Indicated Resource of 60,771,704 troy ounces of gold and an Inferred
Resource of 111,414,800 troy ounces of gold. While I understand that such
numbers are staggering, I cannot change the sampling results; my observations in
the field; the huge body of literature and studies which have been produced
about this area which support my observations; and the centuries of
gold-producing history in the Tipuani Mining District. It becomes apparent that
if these resources can be confirmed as reserves, which I believe is just a
matter of carrying out a more detailed sampling program and applying
currently-used cyanide leaching technology in testing the recoveries, the claims
under the control of the Company's subsidiary may produce an exceptional
world-class gold deposit.
I also confirmed the fact that Golden Eagle's subsidiary has entered into a
Public Contract for the mining and development rights to 2,004 hectares of
claims owned by the Unidas Cangalli Gold Mining Cooperative, (See, Attachment 1,
Figure 2: Claims
<PAGE>
Map), which has been protocolized, or publically recorded, in the Bolivian
Government's Notary of Mines. The claims which are the subject of the Contract
were the target area of this report.
It is my opinion that the gold resources mentioned above can be economically and
legally extracted, and that further study will show that open-pit techniques,
with initial milling of the head ore, and a combination of gravity and leaching
circuits, will result in the feasibility of large portions of the resources
being converted to proven reserves in the very near-term.
<PAGE>
<TABLE>
<CAPTION>
La Paz, Bolivia
January 20, 1997
Golden Eagle Unidas Cangalli Project
"International, Inc." Tipuani, Bolivia
MINERAL SAMPLING RESULTS
Table 1. Cangalli Mine Underground Samples
1 2
F. Sample F. Sample Gold grams per Cubic Meter Remarks
Number weight,grams in Field Samples Specific Gravity: 1.8
3 4
From From whole
concentrates samples -237 Level. Figure
<S> <C> <C> <C> <C> <C>
U-1 735 8.499 " "
U-2 931 .137 " "
U-3 848 .259 " "
U-4 1107 6.135 " "
U-5 1245 31.109 " "
U-6 1362 .041 " "
U-7 1460 .097 " "
7688 6.805 19.130 Totals, Averages
U-8 1215 6.342 15.931 -195 Level
8903 6.742 19.078 -237 and -195 levels
U-9 28420 31.903 Pay streak in -237 Level
U-10 24500 8.666 " " "
U-11 18620 .217 Dump from same pay streak
U-12 30380 9.875 Tailing from pan refining
of sluice concentrates
U-11' 30380 2.905 Botton of same pay streak
</TABLE>
Note: Samples U-9 to U-11' were taken for additional information purposes
only, thus they do not enter into the calculations for sampling results
<PAGE>
Golden Eagle Unidas Cangalli Project
International, Inc. Tipuani, Bolivia
MINERAL SAMPLING RESULTS
Table 2. Run of Mine Samples
1 2
F. Sample F. Sample Gold grams per Cubic Meter Remarks
Number weight,grams in Field Samples
3 4
From From whole
concentrates samples
R-13 1225 .364 Samples taken near
R-14 1588 4.558 shaft's collar.
R-15 1137 3.564
R-16 1382 .145
R-17 1421 .119
6753 1.793 14.406 Totals, Averages
Table 3. Tailings from Sluice Samples.
T-18 1315 .249
T-19 1411 .206
T-20 1402 .022
T-21 1450 .035
5578 .126 Totals, Averages
Note: Samples T-18 to T-21 were taken for information purposes only, thus
they do not enter into the calculations for sampling results.
<PAGE>
<TABLE>
<CAPTION>
Golden Eagle Unidas Cangalli Project
International, Inc. Tipuani, Bolivia
MINERAL SAMPLINGS RESULTS
Table 4. Chaco Hillside Samples
1 2
F. Sample F. Sample Gold grams per Cubic Meter Remarks
Number weight,grams in Field Samples Specific Gravity: 1.8
3 4
From From whole
concentrates samples
<S> <C> <C> <C> <C>
Ch-22 1027 1.660 Samples from hillside
Ch-23 1018 3.303 South of Chaco Camp
Ch-24 816 8.456 (Figures 3 and 16) Small
Ch-25 1085 4.058 open-pit.
Ch-26 1162 3.597 " " "
Ch-27 1066 17.751 " Pelton shack
Ch-28 1649 .057 " " "
7643 5.176 17.761 Totals, Averages
Table 5. Flor de Mayo Samples
F-29 279 .194 Samples from the checked areas
F-30 1104 .048 eastern end, Chuchi playa
F-31 1114 6.359 Rio Capitan. (Figures 3 and 16)
F-32 1430 .004
F-33 1354 .028
F-34 1200 .106
F-35 1066 2.942
8247 1.289 14.067 Totals, Averages
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Golden Eagle Unidas Cangalli Project
International, Inc. Tipuani, Bolivia
MINERAL SAMPLING RESULTS
Table 6. Chaco East Samples
1 2
F. Sample F. Sample Gold grams per Cubic Meter Remarks
Number weight,grams" in Field Samples Specific Gravity:1.8
3 4
From From whole
concentrates samples
<S> <C> <C> <C> <C>
Ch-36 1277 .066 Samples West of the ones
Ch-37 1258 .068 on Table 5. (Figures 3
Ch-38 1238 .182 and 16).
Ch-39 1133 .175
Ch-40 1344 .343 Ordovicic bedrock
Ch-41 1123 .267
Ch-42 970 .500
Ch-43 749 .995
Ch-44 1162 .183
10254 .273 12.941 Totals, Averages
Table 7. Chaco Center and West Samples
Ch-45 1450 .106 Samples of west those on
Ch-46 1344 .196 Table 6. By Chaco Camp and
Ch-47 1162 .113 "Chamajahuira, near Cangalli"
Ch-48 1450 .134 (Figures 3 and 16)
Ch-49 1258 .061
Ch-50 1296 .031
Ch-51 1049 .056
Ch-52 979 .085
Ch-53 1008 .202
Ch-54 1219 .088
12215 .107 12.827 Totals, Averages
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Golden Eagle Unidas Cangalli Project
International, Inc. Tipuani, Bolivia
MINERAL SAMPLING RESULTS
Table 8. 1o. de Mayo Samples
1 2
F. Sample F. Sample Gold grams per Cubic Meter Remarks
Number weight, grams" in Field Samples
3 4
From From whole
concentrates samples
<S> <C> <C> <C> <C>
1M-55 1162 .387 12.748 Sample from the western
most part of the area.
Close to the town of
Tipuani (Figures 3 and 16)
Table 9. Cangalli Samples
CI-56 1142 .112 Samples from San Juan, bet-
CI-57 979 .081 ween Tipuani and Cangalli,
CI-58 1066 .080 along main road (Figures
CI-59 1008 .207 3 and 16)
CI-60 922 .080
CI-61 874 .073
CI-62 720 .071 Ordovicic sedimentary
CI-63 1018 .198 " "
CI-64 1008 1.228 " "
CI-65 854 .168
CI-66 950 .238
10541 .237 10.101 Totals, Averages
Table 10. San Juan Samples
SJ-67 1085 .040 Samples from San Juan
SJ-68 1066 .094 hillside, South of those
SJ-69 1027 .185 on Table 8.
SJ-70 1085 .088
SJ-71 1219 .037
SJ-72 835 .038
SJ-73 787 .153 San Juan small open-pit
SJ-74 960 .048 " " "
SJ-75 931 .106 " " "
8995 .086 12.566 Totals, Averages
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Golden Eagle Unidas Cangalli Project
International, Inc. Tipuani, Bolivia
MINERAL SAMPLING RESULTS
Table 11. Chaco Wood Road Samples 1
1 2
F. Sample F. Sample Gold grams per Cubic Meter Remarks
Number weight, grams" in Field Samples
3 4
From From whole
concentrates samples
<S> <C> <C> <C> <C>
Ordovicic S. (F. 3 and 16)
ChW-76 1027 5.632 Samples from road Chaco-
ChW-77 989 .199 wooden area South of Chaco
ChW-78 1027 .861 Ordovicic Sedimentary
ChW-79 854 .101 " "
ChW-80 1056 .178 Ordovicic-Cangalli contact
ChW-81 1056 .404 " "
ChW-82 1277 .044 " "
ChW-83 1162 .062 Ordovicic Sedimentary
ChW-84 1229 .047
ChW-85 1018 .066
ChW-86 1238 .035
11933 .659 13.234 Totals, Averages
Table 12. Chaco Wood Road Samples 2
ChW-87 643 .114 Samples to the North of
ChW-88 701 .113 those on Table 10. Closer
ChW-89 1248 .015 to Chaco. (Figures 3 and
ChW-90 701 .136 16).
ChW-91 662 .091
ChW-92 1411 .027
ChW-93 1085 .096
ChW-94 691 .040
ChW-95 634 .067
ChW-96 1344 .124
ChW-97 1258 .220
10378 .095 12.414 Totals, Averages
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Golden Eagle Unidas Cangalli Project
International, Inc. Tipuani, Bolivia
MINERAL SAMPLING RESULTS
Table 13. Chaco Front Samples
1 2
F. Sample F. Sample Gold grams per Cubic Meter Remarks
Number weight, grams in Field Samples Specific Gravity: 1.8
3 4
From From whole
concentrates samples
<S> <C> <C> <C> <C>
ChF-98 1181 .038 Samples from Chaco's Open-
ChF-99 1296 .015 Pit large cut or front"
ChF-100 1065 1.117 (Figures 3 and 16).
ChF-101 1181 .534
ChF-102 682 2.030
ChF-103 682 19.107
6107 2.673 15.124 Totals, Averages
Table 14. Batea Fine Tailings
TB-104 349.523
TB-105 301.264
650.787 27.068 Totals, Averages
Specific Gravity: 1.60
Table 15. Batea Gross Tailings
QR-106 132.059
QR-107 80.302
2.419 Average. Specific Gravity:
2.12
Assumed 20% of sample.
Table 16. General Averages
44.476 Batea concentrates
2.419 Batea Gross tailings
Approx. +0.1 mm
27.068 Batea fine tailings
Approx. -0.1 mm
</TABLE>
