Grams per tonne 5 g/t au I feel is the floor here. Just look at over 55% of drill results have hit over 5 g/t au and that's not even taking into the account the multiple ounces of silver in some intervals that should add half to one gram per tonne gold to the equivalent.
I don't think the grams per tonne au matters but it's more the resource being larger that is on Eike's mind.. I don't think any question this is high-grade.. they released the best hole in the junior sector last year (26 m @ 129 g/t au).
I'm not saying it doesn't matter but more or less I feel the floor for the grade on this deposit is at 5 g/t au gold equivalent + so anything else is a bonus and better than VEN.TO. Obviously the ounce count is dervied from a certain assumed grade on the deposit so in that sense it's very helpful but it's quite hard to decipher through their results and try and find an average grade when you've got so many diff types of intervals showing diff grades.
Cali has their longer 100 metre holes @ 1.5 - 4.5 g/t au
They have their smaller intercepts with 5 g/t au - 1500 g/t au (0.5 - 2 m intervals)
Then there's average intercepts that land in the 5 g/t au - 25 g/t au per tonne with medium sized intercepts (5 - 25 m)
Using a strike of 800 metres, widths of 50 metres across the deposit (fair as we're using smaller veins in many areas) and depths of 100 metres - here are the results:
1 g/t au = 347,266 ozs
2 g/t au = 694,533 ozs <-------- LESS LIKELY - 5 g/t au seems to be the floor
3 g/t au = 1,041,800 ozs
4 g/t au = 1,389,067 ozs
5 g/t au = 1,733,634 ozs
6 g/t au = 2,083,601 ozs
7 g/t au = 2,430,868 ozs
8 g/t au = 2,778,315 ozs
9 g/t au = 3,125,401 ozs
Somewhere between 6.0 - 6.5 g/t au would be my guess, yielding a deposit in the 2.5 Moz range.. I feel my dimensions may be too conservative but I'd rather keep it there when trying to calculate a high-grade smaller vein property compared to many low grade bulk tonnage properties when the widths of veins can be much larger but lower grade - Galway has the opposite with small veins that are thin extending over several metres of strike but bonanza grades - offsetting smaller veins with much more PUNCH per vein (in gold grams)