Post by
Patient1nvestor on Sep 24, 2024 1:50pm
Dilatations to be Discovered in Deep Drillings?
With orogenic epizonal deposits, if Eagle and Swan in Forsterville are something to go by, we should be able to find some dilations where high-grade or even ultra-high-grade gold is concentrated, through deep drillings. I believe that that is the rationale why the management chooses deep drilling over infill drilling. These gold-concentrate dilatations don't need to be huge, roughly 100m x 100m x 100m gives you 1 million cubic metres, which weighs approximately 2.7 million tons. If one ton of rock contains, on average, an ounce of gold, that is 2.7 million ounces. With the current gold price and the cost-effecitveness of mining high to ultra-high grade gold, NFGC will laugh all the way to the bank when and if we find them.
Assays from deep drillings will have to come back at some stage, and come back periodically. It may take a year or two or even longer to find those jackpots, but I believe we will find them. It took Forsterville about a year to find ultra-high-grade Swan after the high-grade Eagle. As I understand it, they did have some advantage in finding Eagle, given they were already mining more than 1,000m underground so that they could drill from all directions. That's my rudimentary understanding of how they did the drillings and found those honeypots, anyway.
Comment by
nozzpack on Sep 24, 2024 3:47pm
As far as I am aware, all or nearly all of the vertical deep exploration holes have reached TD which would be 2500 m. So, perhaps more assays from the deeper depths and even a few from the side leg directional drilling by Diveco. We are well positioned for a series of sequential assays at depth and multi leg directionals..