@London17 This is excellent news! These are high grades over good widths and not in resource model. This will drop straight to bottom line as very little cost to scrape walls a bit deeper v cost of building mine, production, staff, mine shafts and declines. Really big for profitibility 9 32 minutes ago
@London17 From press release: It is well established that high-grade gold mineralization at Tuvatu occurs within the main subvertical lodes, such as the URW1a and URW1b lodes, which are likely the primary fluid-flow pathways in this part of the system. Results from the wall sampling program confirm the presence of a secondary, but no less important, mode of occurrence of gold mineralization of considerable significance. This second mode of mineralization occurs as a network of stockwork-style veining that forms a halo of metric extent peripheral to the main sub-vertical lodes
@London17 Also this: The discovery of widespread gold mineralization in the walls of the URW1a and URW1b mine drives has indicated that high-grade gold mineralization extends for several meters on either side of the main URW1 lodes. My quick envelope calculations: Every meter depth of the halo at 20g/t is approximately 1.5oz/per linear meter along lode.
@London17 @shanplus43 Totally, just further proof daily moves in stock price have nothing to do with fundamentals. This is excellent news and halo could extend many meters along walls for 300m lode... it could be a very large number of ounces, hundreds of thousands just for these 2 lodes. This is the top of the system, the 500 zone could be insane. Remember we hit 75m+ at 22g/t from over 500m away. What will it actually be when we have the decline their and are taking samples?
@London17 From Press Release: The discovery of this second form of gold mineralization represents a potentially significant upside for gold grades and tonnage at the URW1a and URW1b lodes, and possibly for Tuvatu as a whole.