Simulation of effective physical properties from microtomographic 3D images of porous structures allows one to relate properties of rocks directly to their microstructure. A static FEM code has been previously used to estimate effective elastic properties of fully saturated monomineralic (quartz) rock under wet and dry conditions. We use the code to calculate elastic properties under partially saturated conditions. The numerical predictions are compared to the Gassmann theory combined with Wood's formula (GW) for a mixture of pore fluids, which is exact for a monomineralic macroscopically homogeneous porous medium.