OTCPK:SPVEF - Post by User
Comment by
idlefreebirdon Apr 08, 2018 2:48pm
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Post# 27849816
RE:Is it time to bail?
RE:Is it time to bail?EducatorDave , first of all it's a very good release and I'll try to explain to you how the system works...now let's minimize this to the size of a olympic swimming pool ...the lenght of the pool runs east west and the width is north south...now instead of water this pool is filled with jello and make it yellow jello ...now this yellow jello represents waste rock... now let's take a red sheet of paper and run it east west through the pool and start on the south side and dip it at a 70 degree and towards the north side and make this sheet of paper 30 meters thick and bring it to a depth of 180 meters...well thats what Atlantic has at present and that red sheet of paper is mineralised material or sheet of paper running east west is 10 million tones of ore at 1.16 gpt for 398,000 ounces in a M&I for the Cochrane hill resource...now take this sheet down to 250 meters runnung east west and that gives Atlantic more mineralised ore at more than double the grade to 2.97 gpt..therefore as you can see they set there drills on the north side and drill towards the south and they hit this mineralised rock to establish a resource...i hope this gives ya some sort of understanding how they come up with a resource lol....gltal