RE:RE:Gift HorseReferring to Entrees 2021 Technical Report, Heruga (same thing with HNE2) has hardly been drilled.
Heruga is lower grade but Heruga South ore body top starts at 500- 600 m depth (about a third of the depth of HNE2). Heruga north top is about 1100m in depth.
Heruga south hasnt even been drilled to the depth of Heruga north. and is considered open at depth and to the south. If Heruga south is as deep as Heruga North, the ore reserves could be twice what is currently stated (1400m tons to some amount much larger).
As Heruga south is opern to the south of the existing ore body and shallows out - Heruga S top at 500m) , it is very probable that south of Heruga south shallows out even more to where it could convievabley be mined by opern pit and ETG's cut at that depth is 30%.
I've long said, everyone including this board discounts Heruga. Heruga may be opern to the south with no drilling because an open pit/surface mineable deposit south of Heruga south deposit would significanyly increase the valus of OT and more significantly of ETG.
RT likely doesnt want to drill there ( yet - at least while ETG is a partner) because they may find a much larger surface deposit.