Bullboard - Stock Discussion Forum Snowline Gold Corp V.SGD

Alternate Symbol(s): SNWGF

Metals & Mining Gold

Snowline Gold Corp. is a Canada-based gold exploration company. The Company operates an eight-project portfolio covering approximately 333,000 hectares (ha). The Company is engaged in exploring its flagship project consisting of approximately 94,000 ha Rogue and Einarson gold projects in the highly prospective, underexplored Selwyn Basin. The Company’s project portfolio includes Einarson, Rogue... see more

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Snowline Gold Corp > Back of the envelope calculation

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Post by Retiredgeo on Sep 11, 2023 10:44am

Back of the envelope calculation

In Crescat 114 the deposit was estimated at 169 million m3 at a cutoff of 0.23 g/t or 0.63 g/m3 (assuming a granodiorite density of 2.75 g/t). Assuming an average grade of 1 g/t, which is no longer unreasonable given the high grade core, that is 2.75 g/m3 which equates to 465 million g or 14.9 million ozs.

There is still room for the deposit to grow in several directions.

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Comment by Retiredgeo on Sep 11, 2023 10:57am

Please change 2.75 g/t to 2.75 g/cm3.

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Comment by Daugaard on Sep 11, 2023 11:27am

And the price?.. Quinton mention 10% (20% in avarage of bull and bear market) of gold price = 190 usd. That would be around 2.8B usd Think i can wait for that :)

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