this whole NR is confusing if you don't really dig into the info source. I just don't understand why the New Release is so unclear.
The most recent Proven and Probable reserve estimate, effective September 30, 2018, totals 275,600 gold ounces at an average grade of 0.51 g/t gold (0.015 oz/ton), with reserve cutoff grades of 0.21 g/t gold for the North and Central pits and 0.14 g/t gold for the South Pit. Note that the numbers that were corrected are dealing with report from when?
2018. Oh so who cares?
That lead me to go to sedar and see what the latest estimate are.
THEY are much more impressive Why the NR does not highlight the latest numbers is beyond me.
Here it is,
Technical Report Preliminary Economic Assessment Gold Rock Project, White Pine County, Nevada, USA March 31, 2020 5 Current Mineral Resource Estimate As part of the Technical Report summarizing the results of the PEA, Fiore commissioned APEX to review the existing geological and gold mineralization models and complete an updated Mineral Resource Estimate (MRE) for the Gold Rock Deposit. The updated Gold Rock MRE comprises an Indicated Mineral Resource of 20.940 million tons (18.996 million tonnes) at 0.019 ounces per ton (oz/st or opt) or 0.66 grams per tonne (g/t) gold (Au) for
403,000 ounces of gold and an Inferred Mineral Resource of 3.336 million tons (3.027 million tonnes) at 0.025 oz/st (0.87 g/t) Au for
84,300 ounces of gold, using a lower cut-off grade of 0.003 oz/st (0.09 g/t) Au (Table 1.1). The updated Gold Rock MRE is reported at a range of gold cut-off grades in Table 1.1 for both Indicated and Inferred categories.
https://www.sedar.com/CheckCode.do