Over 600,000 ounces beneath Iceberg TrenchIceberg Trench Zone is 220m of strike length over a 105m wide area .How much gold beneath this zone to 150 m of depth ?
The Calculations..
Dimensions L 220 m by W 105 m D 150 m
S Gravity 2.8 tons per cu m
Cut off 0.38 grams per ton ( V Lake )
Waste Ore 92 % of contained pit ore ( V Lake )
Economic Ore 8 % of Contained ore ( V Lake )
Grade 25 grams per ton NFG assays to 30 meters )
We have....
3.5 million Cu meters of ore plus waste ore
3.5 m cu m times 2.8 tons per cu m = 9,8 m tons of ore within open pit
Economic Ore is 5.9 m tons times 8 % = 780,000 tons
Economic Ounces = 780 000 tons times 25 grams / 31 = 630,000 ounces of Reserves
At $3500 CAD per ounce, Keats Trench pit by itself to just 150 meters of depth would generate about $2.2 Billion in produced revenues.
Divide by 2 to be conservative and its still over $1 Billion in Revenue from just beneath this small area to a shallow depth of just 150 meters.
WTF is management waiting for to test mine KT followed by Iceberg Trench