Tonnage ImplicationsAfter reading and doing some more calculations I believe the original potential for 2.4 to 2.6 Moz is going to be dwarfed by the resource we come up with as drilling continues to expand structure. While it is still somewhat speculative to believe there is gold both north and south of the Preliminary Block Model BMR seems to believe there is and so does GBB as the latest holes are exploring north of the Block Model.
2.4 to 2.6 Moz in the Block Model is based on an area of 300 m width by 600 m length, therefore 180,000 square m.
If the Eastern Extension is showing as good of visuals and has now covered 500 m width and 500 m length then the area for the Long Bars Zone 2 is already 250,000 square m. I think that it's reasonable to believe that if there's gold NE and SE of the Block Model there's also some to the immediate North and South therefore while it is speculative we could be looking at a structure of 500 m width x 1.1 km in length which is 550,000 m squared or almost 4 x the tonnage potential of the Preliminary Block Model. While this is still to be determined I for one believe there's a very good chance at proving this up and if you look at the tonnage conservatively we look be looking at more gold than I could ever have anticipated.
If the Block Model drilled to only a 70 m depth has possibilities of 2.4 to 2.6 Moz then we can multiply that resource by 1.5 at the very least to give it a depth of closer to 115 m (this is still very conservative as GBB believes mineralization extends to depths over 300 m) and we arrive at closer to 4 Moz in the Block Model. Now if we miss north and south of the Block Model and only come up with another 500,000 oz to the North and 500,000 oz to the South we've still got everything left out East, as well as South and North of the Eastern Extension. The Eastern Extension so far is roughly 40% larger than the Block Model (500 x 500 vs 300 x 600) and has been drilled to depths of over 250 m therefore at only a depth of 70 m we're looking at over 3 Moz out east too and that's not accounting for the depths they've drilled too.
I don't have any doubt in my mind we're proving up a deposit that could rival Osisko's and I'm amazed our market cap isn't beginning to reflect this, simply by looking at the structural changes of our deposit since the beginning of Phase 2 drilling we've almost tripled our structure and no one is giving us any credit. Yes it's not high grade but what we're drilling for is structure, not grade hence why we have not begun using RC drills yet. Just some thoughts.