Estimated 200,000 ounces of gold in Deer Cove Talc depositMy research has advanced to the point at which I can document my estimates of gold ounces contained in the Deer Cove Talc deposit.
First, that deposit is 60 meter s deep and contains 51 million tons of high quality talc.
My problem is a reprsentative grade.
Now, I could use the near 1 gram per ton of placer gold in till at Deer Cove.
However, placer gold is ubiquitous in the near shore bottom sediments all along the NF Shelf and even a pilot mining operation was attemtped over 30 years ago (https://publications.gc.ca/collections/collection_2016/rncan-nrcan/M183-2-2591-eng.pdf ).
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Highest gold concentrations were found in the near shore embayment just off Deer Cove where the average grade was 0.12 grams per ton.
This is the gold grade that imo best suits estimating the gold content of Deer Coce Talc which sits very close to the bottom sediment samples .
The caculations are elementary ( 51 m tons **0.12 / 31 ) which estimates that the Deer Cove Talc contains about 200,000 ounces of gold.
As gold is much heavier than Talc, most of the gold would be closer to the bottom of the Talc deposit
much like is is in Deer Cove Valley where it is at the bottom of the overburden soil but at grades close to 1 gram per ton.
This is still a provisional estimate but divideing by 2 to be conservative ( 100,000 ounces ) would still
make the Talc deposit including the value of the gold and talc itself worth over $400 million in contained value.
AIMHO
GLTA