Letterrs to the Editor QPX Minerals hasn’t lowered expectations

The Main Zone, not the West Zone as stated in your article, is the subject of the recent drilling and feasibility study. On the Main Zone, we have completed sufficient drilling to develop mineable tonnage of 814,000 tons at 0.13 oz gold per ton, at a waste-to-ore ratio of 4:1. The West Zone, where grade is higher (0.26 oz), is next to be raised to mineable status to a dd significantly to the potential profitability of the operation.

We have no reason to lower our expectations of 200,000 oz, contrary to what your article implies. Indeed, the process of converting reserves on the Main Zone from geologic to mineable, although lowering the grade, has actually increased the quantity of gold from 96,000 to 105,000 oz. R. V. Longe Vice-president, exploration

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