Santa Helena Mine perspective vs. CabacalPfaff2 ... surely you agree that the BP/RTZ underground production at Cabacal produced 153,314 ounces of gold based on data management of Meridian is referencing (869,279t at 5.00 g/t Au and 0.82 % Cu.)
At todays gold price ... not a bad haul.
So let's look at Santa Helena historic numbers via Google translate of an excerpt from a extensive report on that mineralization:
"Exploration work at the Santa Helena gold deposit, also known as Garimpo do Edu, began in 1991 by CCO Minerao Ltda., which defined the ore body with 7.5 meters thick, average grade of 3.57 g/ t, and a measured reserve of 3 t of gold. In 2000, the RTDM company defined two types of reserve (RTDM 2000): (1) restricted only to the most central portion, with an average content of 3.5 g/t at an average thickness of 3.08 meters, equivalent to a reserve 0.52 Mt and 1.8 t of gold; and (2) based on a body with an average thickness of 6.42 meters and an average grade of 2.51 g/t, resulting in reserves of 1.08 Mt and 2.7 t of gold."
If you take the latter reserve combination ... it aggregates to 4.5 t of gold or 158,733 ounces of gold ... which is right in line with the underground production at the Cabacal mine.
So ... these two references give me my initial Rosie target of 300,000 ounces at the newly discovered high grade gold area recently announced and with any stroke of luck ... grow it into 1,000,000 ounces if angled holes in a broader fence configuration keep backing it up.
The company already has XRF readings on mineralization from hole 58 and likely hole 66 too up to the point of being 35 mtrs from the conductor. I suspect those XRF readings are not spectacular (hence no details on assays or XRF readings) but definitely give rise to the potential of what that conductor might hold.
I suspect numbers on the ho hum side will cause a tsunami of selling of the cheap paper that is still out there.
Sure ... ho hum numbers will add tonnage to the Cabacal prospect and for the long term outlook ... that will keep a certain group of investor engaged ... but ... there is certainly a group of investor (the ones the CRUX dude references) that won't be appeased with that prospect and they're heavily in the money already.
The market is a brutal thingy ... if it can't have Rosie ... it'll still f'ck her but in a different way.
Eyes wide open on that conductor reveal ... fingers ... toes ... and ballz crossed !!!