Post by
nozzpack on Nov 17, 2024 9:57am
More Estimates of Open pit Gold at QWN
1.....Previously, my conservative estimate of contained ounces below Keats Trench to 150 meters @15 grams per ton was 286,000 ounces below an area of 14,000 sq meters .
That computes to 20.5 ounces below each square me of KT.
The Nov Technical Report now states that drill defined high grade gold at QWN extends to 3600 meters with a surface width of 400 meters.
The high grade gold area is now 1.44 million sq meters which, extrrapolated from the KT index of 20.5 ounces per sq m = 29 million ounces of high grade gold above 150 meters
2...We have within that high grade area, at concentration index of 11.5 % assumed from KT and a grade of 15 grams per ton with a SG of 2.8.
Computationally, 1,44 m X 150 m X 2.8 X 15 grams X 0.115 / 31 = 33.7 million ounces of shallow gold above 150 meters .
Mineralized strike of QWN is now over 9 km and we have already drilled high grade at depth to over 1000 meters .
Recall that the shallow drilled area beneath Iceberg Trench has averaged 1 ounce per ton , so we are seeing even higher gold grades north of KT.
Take these estimates and divide by 2 if you want to be conservative and its still 15 million ounces of high grade gold open pittable above 150 meters.
Its quite clear that no senior can afford to acquire an entire gold district like QW, , anymore than no senior could afford to buy the Abitibi gold district ,especially when CK is talking early about 30 milion shallow ounces and ES is talking about 100 million ounces .
That is not to say that NFG cant bring in a Senior Gold as a Cornerstone Investor.
But with a MRE on the way in H2 of 2025 , Im betting that the MRE results will not embarass CK.
Only time will tell....
AIMHO
GLTA
Comment by
unclebobby on Nov 17, 2024 11:24am
Nozz you tell it like it is, how's that BUCCO !!! E.S. told ya so.
Comment by
Global1966 on Nov 18, 2024 2:57am
We will know more when Phase 2 sampling results for Keats trench are available. Whenever that is. 15gm a tonne is approx 4 times what Great Bear Resources came up with. And that's just the trench not the whole of Keats Main Zone.
Comment by
unclebobby on Nov 18, 2024 3:25am
I'm sure Nozz may have info on it. And maybe even a guesstimate.