BLENDED ( lower grades ) Just how much tonnage contributes to gold values under 0.90/g ????
Something the junior never discusses.
Gold - Canadian spot =
$2,056 usd = $75.75/g usd
2023 Resource Est ( Inferred ) mining cost =
C$35/t; processing cost =
C$17.82/t; G&A =
C$7.00/t; refining costs =
C$5.00/oz; selling costs =
C$5.00/oz; gold price =
US$1,750.00/oz; USD
In 2023 junior chose 0.90 cut off resulting in, 1,419,600 oz
| 1,750 | 0.90 | 41,195,000 | 1.07 | 1,419,600 |
Had they chose 0.80 cutoff they'd have increased gold oz by,
368,500 oz | 1,960 | 0.80 | 57,546,000 | 0.97 | 1,788,100 |
Which begs.... just how many tonnes host 1/2 gram Au hiding under higher cutoffs ?
Gold Spot is up.... 1/2 g values could add significant oz if, configured / applicable.
Does InnovExplo Inc have good ( resource est programs ) in which
blends block models to include lower gram values or.....exclude ?
https://stockhouse.com/news/press-releases/2023/03/23/fokus-releases-an-initial-mineral-resource-estimate-on-galloway-gold-project