EGA 0.00% 52.0¢ egan street resources limited

Ann: Hits Of Up To 56g/t Gold Boost Imminent Resource Update, page-22

  1. 12,259 Posts.
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    As always grades are good but width is a problem IMO.

    Many 1m (not necessarily true width) results in that lot. Narrow mining methods work if you have consistent very high grades like the 56g/t result.

    The average grade of the other 1m intervals (excluding the high grade one) is about 14g/t (which is equivalent to 4m intervals at 3.5g/t). Not great UG grades when expressed this way. It's hard to stack on ozs into resources with widths of >1m and even hard to stack on economic ozs into reserves once mining dilution is factored in. This has been my problem here all along.Esh
 
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