Reserves in all classes now amount to more than 1.2 million tons. The company last year announced a reserve total of 727,501 tons at a diluted grade of 0.174 oz to a depth of 900 ft.
Among the results of a recent drilling program:
Length Grade Hole (ft) (oz/t) 4 2 0.358 6 3.6 0.256 14 19.6 0.377 16 14.4 0.219 (incl.) 52.2 0.157 25 20.2 0.159
The property hosts three zones: South Briar, Midway and New Briar. Sphinx says the criteria used for the reserve calculation were a cutoff grade of 0.1 oz and a minimum horizontal width of 6 ft.
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