TSX:SBI - Post Discussion
Post by
paco01 on Feb 02, 2024 3:33am
Mike Hodgson interview: Palito production 2024
He should be bullish. Palito production. As per the Q4 2023 Production RNS, they are moving into the higher grade ore body at the G3 North area, as per the details below, this should be double the Au ore grade, if you shift the same ore, spend the same operational CAPEX on a volume for volume basis, we could double production when into the G3 North ore body when comparing the grades.
Q1 2024 should be instantly better, I expect the operational sweet spot to be Q2/Q3 2024 as is the case with previous operational years and results.
From Q4 2023 Production RNS of 29 January 2024:
‘Total ore mined from the Palito Complex during the quarter was 35,497 tonnes at 4.78 g/t compared to 35,219 tonnes at 6.81 g/t of gold for the third quarter of 2023. Palito grades for the year averaged 6.12 g/t gold. Most of the ore is being generated from the Ipe and Mogno veins, but development of the G3 North area is well underway, and this sector will be a significant ore source over the next two years.’
From the Palito Mining Complex NI 43-101 Technical Report on the Company Website, dated 20 November 2023:
https://serabigold.wpenginepowered.com/wp-content/uploads/2023/11/NI-43-101_Palito-Complex_20231120FINAL.pdf
Page 109 – Table 14-17: Mineral Resource Statements Per Vein (Measured + Indicated) – Palito Mine:
Vein G3:
Tonnage (t): 194,314. Au (g/t): 10.35. Au (Oz): 64,688.
Page 110 – Table 14-18: Mineral Resource Statements per Vein (Inferred) – Palito Mine:
Vein G3:
Tonnage (t): 343,936. Au (g/t): 8.03. Au (Oz): 88,812.
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