GREY:GLBCF - Post by User
Comment by
martinishakeron Feb 19, 2014 3:15pm
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Post# 22226510
RE:14 of 45 HOLES REPORTED--LOTS MORE
RE:14 of 45 HOLES REPORTED--LOTS MOREExcuse me! How do you know there is enough material for there to be an open pit? I see two zones... One zone has a 10 to 1 strip ratio and the other has a 100 to 1 strip ratio. unless there are bars of gold in the ground there will not be an open pit. Probably not economic in any mining method. The zones look like they do not even connect. The intercepts and cobalt grades are nothing to be happy about yet. To prove up 5 million tonnes you would need an area of 100 meters by 100 meters and 100 meters in depth. GCO will need 50 million tonnes at best to have enough tonnage to justify building the infrastructure, mine and processing facility. 1m and 7.5meters so far... That being said I expect the holes to come could be better... a lot better...