RE:Orvana Confirms New Mineralized Structure in El Valle Area E2 has a mineral resource estimate of 140,000 tones, with 3.84 g/t Au and 0.34 %Cu, of inferred material. The resource is estimated using a gold equivalent cut off grade of 2.52 g/t, gold price of US$ 1,700 per ounce, copper price of US$ 3.25 per pound and a silver price of US$ 20 per ounce. It is noted that mineral resources that are not mineral reserves do not have demonstrated economic viability. This resource estimate is the initial estimate for Area E2, which will be the start of a larger volume definition, subject to be verified with additional drilling.
Further 2,000 DDH meters are planned for Area E2 during the next 12 months, targeting the North and South sectors, looking for a robust increase in the resource. DDH's targeting resource increase at depth, are scheduled after the northbound and southbound efforts, principally due to waiting for the development of galleries to drill from.
im not good with these calculations of resource. Need gandolph.
but i believe this new area structure it is around 18 thousand ounces of GOLD!
not sure of the copper amount.
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