OTCQX:GTBAF - Post by User
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Goaweighon Nov 24, 2019 12:09pm
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Post# 30387076
RE:After looking at the two blobs on the presentation I was
RE:After looking at the two blobs on the presentation I was Here are some earlier calculations on the tonnage and Oz.'s contained in the two Blobs.
Now I suspect our drilling is filling in the gap between the two blobs and maybe even deepening it in preparation for our " Maiden Resource" estimate.
But I don't think we will actually be able to come up with a 43-101 compliant resource covering the entire extent of the 4 Km's or even just the two Blobs combined for quite some time, maybe a year, because it's such a large area and demands so many tightly spaced holes to get to that level of compliance.
However I do think that we might focus on one Blob and drill the heck out of it to get to our Maiden resource, maybe in 3 months, but by then it will be so readily apparent that the other Blob is virtually identical and all the stuff in between is also part of the same deposit, that the maket will respond accordingly.
Of course the time line might change a bit when we get another 2 or 3 drills turning but even then bringing 4 KM's of strike into a compliant resource is a lengthy process.
Regardless of what area we focus on to get to our first set of resource numbers I can see 20,000,000 OZ. in this 4 KM's of strike and eventually everyone else will too ! Goaweigh wrote: wondering how many Oz. those two blobs might contain and so here's my thinking on that.
North Blob: I'm giving dimensions of 750 meters strike x 200 meters thick x 200 meters deep and using gravity of 2.5 @ 1 gram.
Multiply that all up and you get 2,500,000 Oz. in the North Blob
South Blob: I'm giving dimensions of 1500 meters strike x 200 meters thick x 200 meters deep and using gravity of 2.5 @ 1 gram.
Multiply that all up and you get 5,000,000 Oz. in the South Blob.
So there we have 7,500,000 Oz.
It's impossible to accurately calculate the dimensions of those two blobs but I think mine are on the low side and we don't have any idea about average grades, they could be 2 grams or even 3 grams when you factor in the higher grades and then we haven't done any drilling to connect the 2 blobs yet so that's a factor too.
Any way you care to calculate it, looks like there could be plenty of gold in just those two blobs !