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12:01
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Originally posted by TerribleTadpole:
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I think the market has pretty much caught up with this one already. The previous resource was kind of useless. The December, 2018 upgrade from 1Moz to 1.4Moz was achieved by lowering the cut-off grade to 0.3g/tonne and drawing a weird, disjointed resource boundary. Coupled with a mere 15% indicated result, the resource was basically uneconomic. Looking at this latest report, it's pleasing to see that the cut-off grade is back to a more realistic 0.5g/tonne. But nothing else has improved very much. The resource still sits at only 15% indicated in patchy, sparse, veiny ground. The company hopes
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In addition, most of the multiple, parallel lodes of gold mineralisation are open at depth.Then, at the East Lodes, the company has a shallow inferred 48,000oz at 3.2g/t, most of that on what is called the Diabatou Gold Shoot.“The bottom of the pit shell at the Diabatou Gold Shoot sits in 10g/t gold mineralisation and deeper drilling offers an outstanding opportunity to add additional high-grade gold ounces,” the company notes.
