Resource downgraded…production05 — Is it April 1st?

And WTG still wants to merge with us?  Wow, are they ever charitable!
 
PP decreased by 60%
MI decreased by 75%
I decreased by 40%
 
If this isn't outright fraudulent - I don't know what is (my opinion).
 
 
Table 2: Comparison of the updated Resources and Reserves for Lamaque to
 previously reported Resources and Reserves

----------------------------------------------------------------------------
                                           Tonnes    Grade (g/t)      Ounces
----------------------------------------------------------------------------
Total Proven and Probable Reserves
----------------------------------------------------------------------------
Current                                 3,170,000          4.43      451,000
----------------------------------------------------------------------------
June 24, 2009                           7,736,181          4.56    1,134,971
----------------------------------------------------------------------------
Variance                               -4,566,181         -0.13     -683,971
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Total Measured and Indicated Resources
----------------------------------------------------------------------------
Current                                 3,674,000          5.04      587,000
----------------------------------------------------------------------------
June 24, 2009                          16,046,255          4.69    2,420,876
----------------------------------------------------------------------------
Variance                              -12,372,255          0.35   -1,833,876
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Total Inferred Resources
----------------------------------------------------------------------------
Current                                 8,889,000          6.50    1,859,000
----------------------------------------------------------------------------
June 24, 2009                          19,633,148          4.96    3,130,779
----------------------------------------------------------------------------
Variance                              -10,744,148          1.54   -1,271,779
----------------------------------------------------------------------------

Leave a Reply