Snowline Gold Corp V.SGD

SGD hasn't proven up enough ounces???

[speedyg999]

Which other non-Whale company has proven up +7M ounces of high-grade open pittable gold?? And has a giant, prospective property package with fabulous never-drilled targets around it?? SGD is the world's #1 gold takeover target, and is woth way more than $9.50 per share. I have a $12-$15 price target on Snowline. WAKE UP FOLKS!!

[Retiredgeo]

For the record 1-2.5/t is low grade.  Boring, uniform, monotonous low grade which seems to go on forever.

[speedyg999]

Dont be dumb. The ore grade at Valley is 5-10X of gold grades at the Fort Knox Mine. SGD's ore is the envy of all the other outfits...

[Retiredgeo]

Worldwide low grade is 1-4 g/t, medium grade is 4-8 g/t and high grade is >8 g/t.  Valley is a low grade gold deposit, huge but low grade.  All of these reduced intrusions are low grade.

[PianoMan]

Well, without being wrong on paper, it is. The numbers you put down are for underground mining. For open pit mining, the grades are rarely as high and often don't need to be. Low grade = 0-0.5, Med grade 0.5 to 1.5 and high grade is above 1.5 g/t.  «Worldwide low grade is 1-4 g/t, medium grade is 4-8 g/t and high grade is >8 g/t.  Valley is a low grade gold deposit, huge but

[Retiredgeo]

You are subdividing low grade.  There is one standard for all gold mines and some open pit gold mines are medium to high grade.

[Mickey1212]

You are making the false question. The question should be if this property is hosting a,possible economic gold mine. And this is sure and with the other things what this summer will happen we shareholders will be very happy.

[PianoMan]

I am providing a practical aspect of gold grades and it is generally accepted as I posted.  A 4 g/t underground resource may be uneconomical to mine but a 1.5 g/t open pit is often economical.  Of course there are numerous other aspects in economical assessments.  How Is Gold Graded In Mining? | BullionByPost

[AlwaysLong683]

Agree. If it's a bulk tonnage open pit mine, it can be quite profitable at 1-2g/t, particularly if the widths are big. The Detour mine, an extremely large open pit mine that was built and went into production on its own before being bought out by Kirkland Lake Gold, had an average grade significantly less than 1g/t yet was profitable because the ounces were easy to get at. IMO the main issue

[AlwaysLong683]

SGD hasn't demonstrated any proven or probable reserves yet.   An "Initial Mineral Resource" document provides early-stage estimates of "Inferred" and "Indicated" ounces - measures that provide the lowest level of confidence in terms of demonstrating proven or probable reserves. SGD's Initial Mineral Resource press release: 3.3M ounces Inferred 4