RE:Elbow Central Zone: The Golden Nexus of Magino & Island Gold In addition to the M21-085 holes, the drilling results of three other holes, namely MA21-085W1, MA21-085W2, and MA21-085, in the Elbow Central zone have been detailed. These details include azimuth, dip, length of the extracted core, gold grade (Au g/t), estimated true width in meters, specific gravity of the ore, tonnes of ore, and the value of gold ounces at CA$2,700/oz.
The first hole, MA21-085W1, is also situated in the Elbow zone. It has an azimuth of 143.94 and a dip of -83.29. The core was retrieved from a depth ranging from 1,072.00 to 1,077.00 meters, resulting in a length of 5.00 meters. The discovered gold grade was 6.07 Au g/t. The estimated true width of the ore is 3.50 meters. The specific gravity of the ore is 2.74. The total weight of the ore is 51,642.15 tonnes, which contains 10,078.25 ounces of gold. The estimated value of the gold is $27,211,275.82.
The second hole, MA21-085W2, is situated in the Central zone. It has an azimuth of 144.00 and a dip of -83.00. The core was retrieved from a depth ranging from 1,003.00 to 1,023.00 meters, resulting in a length of 20.00 meters. The discovered gold grade was 1.80 Au g/t. The estimated true width of the ore is 14.00 meters. The specific gravity of the ore is 2.74. The total weight of the ore is 784,845.60 tonnes, which contains 45,420.18 ounces of gold. The estimated value of the gold is $122,634,490.63.
The third hole,MA21-085, is located in the Elbow zone. It has an azimuth of 143.94 and a dip of -83.29. The core was retrieved from a depth ranging from 1,026.00 to 1,033.00 meters, resulting in a length of 7.00 meters. The discovered gold grade was 8.82 Au g/t. The estimated true width of the ore is 4.90 meters. The specific gravity of the ore is 2.74. The total weight of the ore is 97,083.41 tonnes, which contains 27,529.97 ounces of gold. The estimated value of the gold is $74,330,916.57.
In summary, the three holes contain 83,028.40 ounces of gold from 933,571.16 tonnes of ore, valued at $224,176,683.03. The average gold grade discovered was 2.77 Au g/t from an average length of 32.00 meters of the ore's core. The average estimated true width of the ore is 22.40 meters.
Additionally, these projections are derived from 3,000 meters of drilling, and the company is presently in the process of drilling 75,000 meters.