Dakota's Maiden Resource 1.33/1.13 M oz Indicated/Inferred AI suggests this is great news ...
A maiden resource of 1.33 million ounces of gold indicated and 1.13 million ounces inferred can be considered quite promising, especially depending on the context. Here are some factors to consider:
1. Size of the Resource: This amount of gold indicates a significant deposit, which could potentially be economically viable to mine.
2. Indicated vs. Inferred: Indicated resources typically have a higher level of confidence compared to inferred resources. Indicated resources are supported by more geological evidence and sampling, while inferred resources are based on limited data. The fact that there's a substantial amount of indicated gold suggests a higher level of confidence in the estimate.
3. Economic Viability: The economic viability of mining depends on various factors such as gold price, extraction costs, infrastructure availability, and regulatory environment. A detailed ecoomic assessment would be needed to determine if the deposit is economically feasible to develop.
4. Exploration Potential: Maiden resources represent just the beginning of understanding the potential of a deposit. There could be further exploration upside, meaning there may be more gold yet to be discovered in the area.
5. Market Conditions: The attractiveness of such a resource also depends on the current and projected market conditions for gold. If gold prices are high or expected to rise, the value of the resource would be higher.
6. Location and Accessibility: The location of the deposit and the ease of access can significantly impact its value. A deposit in a geopolitically stable area with good infrastructure would be more attractive.