The table below is self explanatory .
It uses ounces per meter drilled ( Measured + Indicatd + Inferred ) and grade ratios to the 7 high grade prospects of QWN, for 3 open pit orogenic mines FS study to predict QWN gold resources contained in the 7 high grade prospects , identified in a previous post of mine .
The QWN estimates are very consistent , ranging from 23 m ounces to 29 m ounces with a mean of 25 m ounces ,contained within shallow depths less than 300 m.
Below those calibration mine statistics estimating QWN , I have predicted gold resource levels for each of the three calibration mines by the other two mines .
Excellent agreement was achieved , with 10.6 million ounces predicted from intermine calibration versus 11 million ounces estimated in the three FS .
This shows with great conviction that these three calibration mines, all veinous , are excellent proxies with which to estimate QWN contained ounces adjusted for grade and ounces drilled.
This provides convincing documentation that QWN is indeed the " New Abitibi " with a potential finsl gold resource, when depths below 300 m are tallied of upwards to 100 m ounces.
Any and all analytical critiques of orogenic veinous open pit proxies mines with FS that can improve / add to these predicted QWN estimates would be appreciated.
GLTA
| Open pit mine | Meters Drilled | Gold Resources M Ounces | Ounces per meter drilled | average grade ( gms per ton ) | QWN grade Ratio | Estimated QWN Gold Resources | Inter Mine prediction ( M ounces ) |
| | A | B | C= B/ A | D | E =11 / D | F = 336,000 x C x E | |
| | | | | | | | |
| Valentine Lake | 428000 | 5.1 | 11.9 | 1.8 | 6.1 | 24m | 4.8 |
| Goldboro | 122,000 | 3.1 | 24.4 | 3.9 | 2.8 | 23m | 3.5 |
| Lynne Lake | 221000 | 2.8 | 12.7 | 1.6 | 6.9 | 29m | 2.3 |
| | | | | | | | |
| QWN ( 7 Prospects ) | 336,000 | | | 11.0 | | | |
| | | 11.0 | | | | 25m | 10.6 |
| V l\Lake Predicts | | | | | | | |
| | | | | | | | |
| Goldboro | 3.1 | | | | | | |
| Lynne Lake | 2.3 | | | | | | |
| | | | | | | | |
| Goldsboro predicts | | | | | | | |
| | | | | | | | |
| V Lake | 4.8 | | | | | | |
| lynne Lake | 2.2 | | | | | | |
| | | | | | | | |
| Lynne Lake Predicts | | | | | | | |
| | | | | | | | |
| V Lake | 4.8 | | | | | | |
| Goldsboro | 3.8 | | | | | | |