Post by
beachman on Jan 06, 2011 10:52pm
More thoughts
Yes Digger is right. The deposit is expanding. Things do look good going west.
I think it can be tentatively said that the south wall of the deposit is very steep, almost vertical. This is clearly shown on the sections with the most drilling to date. Of course what this means is that the huge 500m intersection does not represent a true width. Based on what we see in the sections it's also a safe bet to say that the north side is also steep. So a fairly honest guess would be the deposit is averaging approx. 200m width and let's say about 300m depth over 600m, or maybe 700m if you like. That's pushing 100 millon tonnes plus and getting towards 5 million infered ounces assuming say an average grade of 0.045 oz/ton. More drilling is of course needed.
I think I'll probably end up buying back in but I'm not sure when.