Post by
PACO2 on Jul 18, 2021 3:21pm
The last interview tells us a lot about Ikarri.
Around 17:54 he says they will have the resource estimate done before the end of the year.
He says the initial strike of 650 m at a depth of over 400m and about 400m wide
will form the initial indicated resource.
We know the grade is overall high ( April 20/21 release 188m X 4.4g/T)
My calculations as follows:
650 min. strike X 400m wide X 400 m deep = 104 Million cubic meters of ore
1 cubic meter of rock weighs2.5 tons
104 Million cubic meters of ore X 2.5 T = 260 Million Tons
allow 2.2 g/T average X 260 million = 572 million grams
572 million grams = 20.4 Million Troy Ounces for initial find at Ikarri
We have found one of the largest deposits on earth .... .
Do you like my math?
GLTA
Comment by
portonot on Jul 19, 2021 12:41am
This post has been removed in accordance with Community Policy
Comment by
yakker5 on Jul 19, 2021 12:52pm
at 39:54 of the Crux interview, he states that the Resource Estimate will be in August.
Comment by
Oilminerdeluxe on Jul 21, 2021 8:24am
I DO like your math. Thank you. Really looking forward to this.