869,279t at 5g/t Au and 0.82% Cu over four years up to 1991In 1991 metal prices for the RTZ production run over 4 years to 1991 valued it at approximately USD$56,000,000 and $16,000,000 for gold and copper.
Using current metal prices referenced in the Meridian deck that same production would gross approximately USD$296,000,000 AND $48,000,000
The obvious plan would be to twin historic holes where higher values are shown in the acquired dataset, including holes that had already been twinned by previous operators.
Baseline an area and then commit to more extensive in-fill drilling to firm up a compliant resource.
The sweet spot for higher grades appears to be in the 175 mtr area and of course silver and zinc credits might contribute with appreciable values.
Downhole EM is definitely going to guide resource definition in an efficient manner and that is why having the existing dataset on over 70,000 mtrs drilled so much more valuable when considering modern down hole EM techniques.
The historic resource on the broader envelop is one thing.
Scaling the sweet spot at depth (potentially multiple zones) is what will get the market to stand up and take notice.
The bonanza grade intercept of 390 grams gold over 1.95 mtr is interesting, especially with it being hit so shallow from 27.5 mtr but at this stage it's just an anomaly within a historic context. If it becomes repeatable, even in a sporadic way during upcoming drill campaigns, it'll provide some promotional pop.
Does the company management team have a promotion gameplan mapped out concurrent to the exploration gameplan? I think it's too early to tell but it won't take more than a few more press releases to get the answer to that question.