RE:RE:More coarse gold to come ...The new discovery is just "a scratch" on the surface (actually 2 cuts) for almost 1000 oz Au (actual 987 oz) from 238kg of rock. Figure 3 shows hole AZ15-013 (1406gpt over 0.5m) just sits between FDV and the new discovery zone (1 June 2019). The total ounces pulled out was only a fraction of FDV 27,000 oz (initial), but if the grade is compared then 987 oz/238kg = 4140oz/tonne, or x31 = 128,000 gpt (compared to 161 oz/tonne, or 5000gpt for FDV). Hole -013 is loacted about 7m below FDV, hence the new discovery zone is at approx 15m below the FDV. Also, Figure 3 (of the NR) shows many high-grade intercepts within (and below the sediment layer (~10m thick). It would be a reasonable guess for more coarse gold to come (see Fig 2 for coarse gold, presumably on the floor of the new discovery area).
Figure 1 of the NR show a Au-bearing quartz vein on a wall (anyone knows if this is the front wall, side wall or ceiling?...probably not the ceiling unless the pen was glued or taped to the rock...most likely the pen was resting on a slope). Anyway, here is a first estimate of the gold content of that piece with the following assumptions:
- width: 15cm = 0.15m
- L: 0.50m
- Depth: 1m into the rock
- grade between 13% (estimate of sample of new discovery) - 45% (King Henry). For simplicity let's assume 20%.
The math : 0.15 x 0.5 x 1m x 2.8 = 0.210 tonne rock = 210 kg (they could chisel it out to get this 210kg slab of rock, about twice the size of the Golden Rose specimen)... 210 kg rock x 20% = 42 kgAu x 32 = 1334 ozAu...rounding off to 1000 oz for 1m of vein (into the rock face in Figure 1).
If the veins runs for 10m, then this would yield 10,000 oz which get to the size of FDV...and the excitement to go along with it.
GH11
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Burch71 wrote: Great, but I know I am dreaming about this thing going to $1.18 again anytime soon....