According to a July 2012 research report by Natural Resource Holdings there are only 164 undeveloped gold deposits globally with over one million ounces of gold in all categories that are owned by non-major mining companies.
The average grade of all these deposits is 0.66 g/t.
The total current gold resource on Altair Gold Inc.’s (TSX: V.AVX, Stock Forum) Kena property in southeastern British Columbia sits at 1.06 million ounces.
Kena Gold Zone:
Measured and Indicated (M&I) – 300,000 oz @ 0.64g/t Au
Inferred (I) – 85,000 oz @ 0.70 g//t Au
Gold Mountain Zone
Measured and Indicated (M&I) – 249,000 oz @ 0.71 g/t Au
Inferred (I) – 428,000 oz @ 0.60 g/t Au
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It’s this author’s opinion thatthe current Kena gold resource has the very real potential to double or triple in size. With a 43-101 compliant resource to build on, preliminary metallurgy results favorable and with assays from step out holes coming back comparing very favorably to the compliant existing resource, an investment in Altair has seen considerable de-risking.
Altair Gold should be on every investors radar screen. Is it on yours?
If not, maybe it should be.