Interesting News from Tailings and Waste DumpsOne person's trash is another person's treasure...
Tailings: 5 hectares is 50,000 square metres by the average height of a heap leech 30m = 1.5million m3 which translates to very roughly 2.5m tonnes (using the mass of sandy soil).
Let's says the get on average 1g/t Au (80000 tOz) and 10g/t Ag (80,000 tOz) -> that would very roughly equate to $15m for Au and $1.5m for Ag
Dumps: 11hectares is 110,000 square metres by the average height of a heap leech 30m = 3.3million m3 which translates to very roughly 15m tonnes (using the mass of sandy soil) - but I will divide this by 10 to make it 1.5m tonnes.
Let's says the get on average 1g/t Au (48000 tOz) and 1g/t Ag (48,000 tOz) -> that would very roughly equate to $90m for Au and $1m for Ag
Obviously I know there are holes in the calcs but - this is potential and hopefully they come.out with more drilling announcements soon.
Allegiant Announcement