This is old news but the upside for ounces is huge.
This is from the May 12th release on Sedars:
"The infill drill spacing was tight enough so that
the majority of the deep resource expansion at Masato could be categorized as indicated
resources. As a result, OJVG has successfully outlined 721,460 ounces of indicated gold
resources below 2010 Feasibility Study open pit at a grade of 2.1 g/t gold."
That is a lot of gold at a really good grade for that amount. Notice that they mention INDICATED GOLD RESORCES.
Also from Sedars in the same release:
"At the OJVG’s three largest deposits, the current 0.3 g/t gold grade shell solids extend to an
average depth of only 350 metres below surface. To date, the Golouma (Golouma West and
Golouma South), Kerekounda and Masato deposits have now been successfully intersected at
depths of 900 metres, 560 metres, 490 metres and 565 metres respectively, and all remain open
to depth. (See attached representation of the Golouma Deposit-South deep drilling results to
date). Although insufficient drilling has been conducted to allow classification of this mineral
potential as a resource, the OJVG has targeted these contiguous extensions to the known deposits
with their current drill program and estimated the potential quantity of gold mineralization
beneath the current resource estimates. These deeper potential zones of mineralization have been
defined by extending the known dimensions of the 1.0 g/t gold resource grade shell solids down
dip to a minimum of 675 metres and a maximum of 1000 metres below surface. It should be
recognized that the zones listed have been intersected by multiple drill holes, are areas where
current knowledge of mineralization is sufficient to indicate that these zones are economically
viable, and only represent the down dip potential of the listed deposits. The table below lists the
potential of each of these zones. There are numerous additional targets within the OJVG Gold
Project, including the recent discoveries, that are not included in the list below."
ditional Mineral Potential at Golouma, Kerekounda and Masato.
ditional Mineral Potential at Golouma, Kerekounda and Masato.