new ouncesHere is my very rough calculation of the gold contained in the new Renard West high grade zone.
Length - 400m
Width - 400m ( to subcrop)
Thickness - 10 m (
Based on one hole)
Grade 10g/t
Density 2.73 ( 43-101 )
400m x 400m x10m x 2.73 density gives you 4,368,000 tonnes
At 10 grams/tonne you have 43,680,000 grams of gold divided by 31.1 grams/ ounce and you get
1,404502 ounces of gold!! Add more thickness and you get alot more reserves. It goes without saying that we need more drilling here- there is alot more gold to be found in this new western extention!
Now, what will IMG do? -take us along for another summer of drilling and continue to add value for us .Thats the million dollar question! They really need to get motivated - get more rigs and start drilling! Going to be a good summer. Waiting on hole NE158 in the middle of this wedge. This should tell us how valuable this new ore body is.