RE:RE:Maybe is not so bad afterallIts Baldo zone now churns out about 100 gold ounces a month, Hardy says. Modest to be sure, but “you look at some of the legends of the business, they built massive companies off of small cash flows. Placer Dome was founded off a very similar project in Papua New Guinea.”
While not necessarily envisioning similar grandeur, the parties have a three-part plan for Cajueiro, where a 2013 resource estimate defined four zones as follows:
Crente zone, 0.5 grams per tonne cutoff
- indicated: 4.53 million tonnes averaging 1.2 g/t for 168,000 gold-equivalent ounces
- inferred: 3.02 million tonnes averaging 1 g/t for 100,300 ounces
Crente zone, 0.3 g/t cutoff
- indicated: 7.4 million tonnes averaging 0.9 g/t for 203,000 ounces
- inferred: 5.26 million tonnes averaging 0.8 g/t for 127,400 ounces
Baldo zone, 0.3 g/t cutoff
- inferred: 1.41 million tonnes averaging 1.3 g/t for 61,100 ounces
Matrincha zone, 0.3 g/t cutoff
- inferred: 1.56 million tonnes averaging 1.1 g/t for 52,900 ounces
Marines zone, 0.3 g/t cutoff
- inferred: 1.17 million tonnes averaging 0.7 g/t for 27,200 ounces
Some where around 500 000 ounces estimated.