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Bullboard - Stock Discussion Forum Margaux Resources Ltd. CRMND

GREY:CRMND - Post Discussion

Margaux Resources Ltd. > drill results...my take
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Post by Ogopogo007 on Jan 06, 2022 6:41pm

drill results...my take

One always hopes...grade gets better with depth
North has 1Moz at 1.43 gm


A deeper portion of the hole which lies outside of the 2019 resource successfully intersected 45.3 m of 1.29 g/t Au from 349.7 m downhole,

decent grades but not better than base case for open pit. dismal for underground mining.

Hope next deep drilling comes up with better grades
Comment by Andrew73 on Jan 11, 2022 7:32am
You are forgetting that there are over 1 million ounces of gold from surface to 250 metres above this deeper intercept.  This is the deepest hole that the company has ever drilled at Taurus and they hit gold in the last 50 metres, proving for the first time that gold occurs at depth and that the deposit could be extended deeper after all the near-surface resources have been mined out.  ...more  
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