RE:RE:RE:RE:trigger Last year about this time we estimated 2.4 million ounces at the Keats Zone. I showed the calculations for volume of rock and using a specific gravity of 2.7 and an average ground of 1 oz per ton. These were very rough calculations. At that time we didn't know much about the other zones but they aren't near as good as the Keats zone based on the information provided.
The majority of the gold was found in the first 6 to 9 months of drilling on this project in the Keats Zone. There was a 6 month period in which they didn't find much at all because they either lost their way or they just didn't report it due to the assay issue. Who knows for sure what went on there but anyways that is all behind us.
My best guess is they have discovered only about a million ounces since that time and that might even be generous depending on what average grade you use. I think the average grade of this thing will come in around 20 g/t due to the lower grade envelopes of gold around the high grade gold. We estimate somewhere between 3 and 4 million ounces of gold found in all zones combined. That could be generous or it could be too high. I have know idea. It depends on what average grade you use in your calculations.
Having said all of that at Fosterville the amount of gold that was mined far exceeded what they estimated so who knows perhaps our estimates will be on the low side as well. It's not easy trying to figure out how much gold is in a bunch of squiggly veins going all over the place hundreds of grams per ton in some areas and only a few grams per ton in other areas. Your guess is as good as mine as to how much gold is in this thing. Lol
Well Laughing Boy (Laughing Mega?) My guess tnan is 4 to 5.
I think that 6 month period was not paying proper heed to QH that has always said
these are tight systems and cannot be drilled more than 25m out and often 10.
Infill drilling itself can be hazardous if you go out too far. Lesson learnt and hopefully
not revisited.
As for the Keats zone just because it is the most defined does mean it will have the
most gold. Regardless we will have more and I guess we should be asking Melissa
more about what the Golden Joint might mean.
Squiggly veins are going to be too rich for some to handle LOL even though I do not
find that funny Laughing Boy IKE