Some interesting PostingPost by nozzpack on Sep 05, 2023 1:41pm
Compare with Valentine Lake Mine ( MOZ )
Exploration has been confined primarily to a 6-kilometre corridor between Leprechaun and Marathon Deposits, which including the Berry deposit contains 3.9 m ounces of M&I resources within 3 open pits.
Average grade is 1.9 grams per ton.
So, that's about 650,000 shallow open pit resources per km of explored strike.
NFG now have about 10 km of explored strike, also with little drilling below 200 m and nominally of much higher grade, would contain 6.5 million ounces based on the VL shallow pits and grades upon which the FS is based.
A very crude proxy and probably low biassed given the higher grade core of NFG.
Comment by nozzpackon Sep 05, 2023 4:32pm
110 Views Post# 35620614
RE:Top 10 Gold Mines in World based on Reserves Grade
I've looked over Macassa Lake drilling success and grades and Queenie still stands out.
We probably have here what is emerging as the largest high grade gold discovery in the world, offering both initial high grade open pit and subsequently ultra high grade shoots over a tested strike length in excess of 20 km.
Comment by nozzpackon Sep 05, 2023 4:32pm
110 Views Post# 35620614
RE:Top 10 Gold Mines in World based on Reserves Grade
I've looked over Macassa Lake drilling success and grades and Queenie still stands out.
We probably have here what is emerging as the largest high grade gold discovery in the world, offering both initial high grade open pit and subsequently ultra high grade shoots over a tested strike length in excess of 20 km.