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Article: Norwest Upgrades Resource Estimate at Piper's Golden Zone
- Article from:
- CCNMatthews Newswire
- Article date:
- May 30, 2005
CopyrightCopyright 2005 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 30, 2005) - Piper
Capital Inc. ("Piper") (TSX VENTURE:PCL) is pleased to announce the
results of a new independent mineral resource estimate for its Golden
Zone gold-silver-copper deposit located in Alaska. The estimate was
prepared by Norwest Corporation ("Norwest") and has estimated the
Golden Zone deposit contains Measured and Indicated Resources of
approximately 2 million (M) tons, grading 0.106 ounces per ton (opt)
gold, 0.47 opt silver and 0.12% copper (utilizing a 0.05 opt gold cut-
off), and contains approximately 214,800 ounces of gold, 948,000
ounces of silver and 24,000 pounds of copper.
The Golden Zone property is located ...