Post by
Margin321 on Sep 27, 2024 9:13am
Very little overburden on gold zone
I was intrigued by J. Paul's comments on the Stockhouse Interview yesterday about the geometry of the gold zone mineralization along a hillside. And by the headline of the recent press release - part of that headline is in quotes- "at or near surface". I also reviewed slide 18 of the current corporate presentation which show some data from holes 50 and 52. It appears that the mineralization is pretty uniform and really is at or near surface - supporting J. Paul's comment about more like a quarry than an open pit mine. The mineralization is really right beneath the topsoil or even at surface because it is kind of a rocky hillside. Slope is not steep. As he said they can possibly trim off the part of the hill where the gold is located and process the ore. Kind of a unique situation where cost to production (of gold) could be a whole different animal than the amount of capital needed to proceed to a full blown open pit copper porphyry mine, which is in hundreds of millions and could be a billion - or more. That situation requires a big mining company with lots of resources.
Comment by
rains88 on Nov 13, 2024 10:58am
It really was a great, informativ interview i thought! Excited to see what's to come in the new year