MEASURED + INDICATED On Spanish's website
it states they have a ( M + i ) of 273,000,000ore tonnes.
Yet... in this recent PHASE 1 REPORT it states Spanish is looking to
mine 39,000,000 tonnes = 30% of ( M + i )
https://mk0thedeepdivecyqqey.kinstacdn.com/wp-content/uploads/2020/07/image-48-1024x730.png
273 million tonnes
x 30%
----------
81,900,000 tonnes
x .70 grams ~ 31.1
-----------------
1,843,408 oz ( farmore oz thanwhat the link above shows )
I only used .70/grams as per the 2017 M + i stats.
1 - 10 yr mine life. - - remember to only use the goldgram value - 1 - 10 yrs... ( not LOM )
https://www.spanishmountaingold.com/news/2017/spanish-mountain-gold-announces-results-of-new-pea-for-the-first-zone/
So.. if we revert back to the first link - proposed phase1 - and see what the projected
average gams might be = 1g 1.2 million ounces.
If, i were ot apply the 1g to the 81.9 million ore tonnes
= 2.6 million oz
Lastly....
I don't see any silver ounces factored into the 2017 pea -
In the fist link in this post - diagram - doesn't show any silver credits ?
Pretty sure Spanish is aiming for 1.5 million ounces of silver.
Hope this is factored in as well....
Spanish has an average .69/grams per tonne - silver.
39,000,0000 million ore tonnes
x .69 grams
-----------------
26,910,000 grams
~ 31.1
------------------------
865,273 oz of silver
if the phase is targeting 30% of whole ore body
273,000,000
x 30%
----------------
81,900,000 ore tonnes
x .69 grams
----------------
56,511,000 grams silver
~ 31.1
-----------------------
= 1,817,073 oz silver
Sapnish's website does say... 273 million ore tonne ( M + I )
Hope my own figures are used and not trhe article - in first link.
Cheers....
p.s.
Carbon Cariboo ( lol )