RE:Could the H2 gladiator Resource be ~ to 2.5m inferred oz's?Hi Raffles, what you have posted seems reasonable logic. However the RE might be lower due to the following:
1) many of the holes drilled since 1st RE are going deeper, so there will be less holes contributing to the RE per drilling metres
2) there has been in-fill drilling taking place, so we will have some indicated resources, this means the calculation you have made cannot really be applied
On the other hand, some drill holes have hit more than 1 zone, so we get 2 results contributing to the RE from only 1 hole.
Personally I would look at page 10 of the corporate presentation and similar to your logic, look at the area in the cross section of the 1st RE, and multiply it up to the area now covered by drilling.
I don't know how many zones there were in the 1st RE, but the upcoming RE will have 5. They are stacked, so this might increase the number of ounces.
I'd be happy with 2mil ounces and we should find out the true figure within 3 weeks or so.
Dale Ginn is doing a presentation in around 5 hours, maybe he will give some guidance.