RE:Question....Great drill results but...Tuvatu has been very well studied.
In midyear 2000 Emperor received an independent Definitive Feasibility Study (DFS) for their Tuvatu operation..
The DFS was positive, demonstrating a commercially viable underground gold mine. (This was at an inflation adjusted gold price of US $400!) . Emperor commissioned numerous engineering studies utilizing its own expertise and that of recognized consulting firms .
Emperor was figuring on mining 80,000 oz per year or more.
The report also provided JORC compliant initial reserves and resources totaling 809,000oz at impressive grades between 6.6 and 10.3 grams per tonne (g/t).
Much more has been found in the last 20 years of course.