GREY:ALXDF - Post by User
Comment by
production05on May 18, 2017 9:26am
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Post# 26258912
RE:RE:CEO, Eric Owens interview - May 15/17
RE:RE:CEO, Eric Owens interview - May 15/17Pretty much.
He is talking about just within 250m of the surface at Orenada as having potential for 1.5 - 2.0 million ounces - over a 2 km length.
Alexandria currently has around 2.5M Au Eq., of which about 750K is Orenada. However, only about 500 - 550K of the 750K at Orenada is within 250m or surface (essentially open pit).
Thus, for the first cut of the resource calc, the potential is to go from around 500K open pit (250m) to 1.5 - 2.0 million ounces at Orenada open pit area. That`s about 1.0 - 1.5 million potential increase in resource, for the first cut.
If it comes to fruition, this would make the global resource 3.5 - 4.0 million gold eq ounces.