Possibly more ounces from Deer Cove I forgot about the The Deer Cove gold-quartz vein is a small, narrow, moderate-grade gold shoot with a ‘Probable’ and ‘Possible’ gold ore resource of 35,000 tonnes grading 8 to 12 g Au/t over a strike length of 30 m and a vertical height of 105 m.
Noranda built the 7.2 km road and the trenched this large vein ( see picture in MAE CP ) and drive an adit into it.
Approx 4300 tons of low grade ore averaging 3.1 gms per ton was stockpiled which is part of Maritime's planned stockpile mining.
Later Tenacity proposed to mine the currently accessible section of the known Deer Cove gold-quartz vein from the adit level to surface over a vertical height of 33 metres.
This section of the vein contains a ‘Probable’ ore reserve-resource of approximately 7,600 tonnes grading 11.2 g Au/t. This section of the vein is 30 m long by 2.8 m wide by 37 m high. ( about 2700 ounces )
That project was approved by NL Govt but as far as I can find, Tenacity did not excavate that portion of the vein.
So it's possible that Maritime could get approval to excavate those 2700 high grade ounces along removing the 400 ounces from the stockpile .
This would boost our potential interim mining resource to between 6500 ounces and 7000 ounces, worth about $20 million cad.
There are also two signifucant gold veins which outcrop at the surface of the HD mine (Veins C and J ) which were exposed in the recent cleanups of debris.
It's possible that those too could be trenched and excavated ....but this is my speculation .
I am sure that once that mill restarts, management will scrounge whatever ounces they can find to keep the cash flow coming while waiting for HD to start up.
AIMHO
GLTA