RE:RE:Ran the numbersLooking at the in-fill drill results for Rau, it added approx. 35-40% to the resource estimate. If the same holds true for the Conrad zone, it will push just that deposit to over 2 million ounces (and it's still open). Coupled with the other cluster of Rackla deposits, there's no doubt they're on a huge find.
FYI, the formula used to interpret drill results into an approx. ounces deposit is as follows: As I mentioned I used a spreadsheet to input the drill intersections and compute the total. It's not a perfect total, but it's close ...
1 - Start with the length of intersection of the mineralization
2 - Determine the intersection which is true width. Atac's ranged from 50 to 100%. I used the average which ranged from 70-80%
3 - Cube the true width to calculate the estimated mineralized volume.
4 - Dtermine the rock density (normally 10 to 12 cu. ft per ton). I used 12
5 - Multiply the mineralized volume by the rock density to compute estimated tonnage.
6 - Last, multiply the tonnage by the grade to determine the estimate resource.