RE:Goldstorm resource estimate: +/- 8.6 million oz for 300Hrockport1 wrote:
Results:
387.7 million tonnes grading 0.67 g/t Au (and 0.73 g/t AuEq)
Gold: 8.629 million oz Au (and 9.433 AuEq)
Hi rockport1. We continue to be pretty close in our estimates. I am still cherry picking only the highest 300H grade area of only 800m X 450m. As a result I show a slightly lower number for Au of 8.14 million oz AuEq. That's on only 295 million tons at .85g/t AuEq.
Based on Iron Cap calculations as a baseline, for all of the 300H I show 9.5 million oz AuEq, so we are very close there.
The average grade x thickness for 300H I have at 250. You should show higher, since I'm cutting off at 350m depth. (The Goldilocks scenario that miners should find most compelling would be if they only have to dig a pit of 800x450x250 to get the 8 million oz. Can you imagine the ROI and payback period on that?)
For all of Goldstorm I show 28.5 million oz. AuEq. That's 472 million tons at .67g/t AuEq. The average grade X thickness is a huge 391.
I'm looking forward to the preliminary resource estimates so we can refine our calculations for next year's PSZ drilling results.
I should mention that I am not going down toward Copper Belle to add any resource there - it would be on the order of 800k oz additional.
I also am beginning to suspect that Goldstorm and Eureka may be connected under the glacier. Eureka had good results although the drilling there was more difficult and the holes were not nearly as deep as Goldstorm (which means Eureka was showing a lot of 300H type depths).
Orpiment is still an unknown, but based on the consistent 3km distances between major deposits, I almost have to think there's something good there and I hope they just poke a couple holes up there in 2021 right near the STF and the MTT route. Seabridge may already have done that or may be planning to next year. They committed to 40 holes along the MTT path.
At some point a large miner will show up and the annual exploration activity could explode for all of Treaty Creek. That's when the Teuton NSR numbers will go off the charts.
Based only on the Goldstorm 300 Horizon, I still value Teuton stock at $6.14 CDN$ after the latest data ($4.85 US$) at the $.79 exchange rate (which reduced my valuation in Canadian dollars since they've gotten stronger in the FX market recently).
Do you own due diligence. GLTA. Doug