@AverageJoeWe can do better than that Joe. I'll post some from personal collection...
It may feel like it with DEG but technically we don't have these yet..
We do have plenty of these free milling beauties...
Not this particular one... this is from a narrow but high grade vein kind of ore. Think Cracow, Halls Creek etc kind of ore. You don't want this stuff. Apart from the nugget effect during assay, you don't get much LOM out of this kind of find. Stupidly enough this is the kind of stuff that will get the market into a feeding frenzy. Seeing specs of gold like that gets the speculators imagination running wild...
DEG has this and plenty of it. This is an Oxide find, this is low grade but high tonnage stuff. This is what you want, uniform throughout and comes in large intersects. Both Withnell and Wangina planned mining centres have plenty of these. DEG will need a CIL (Carbon In Leach) to get the gold out. Good to keep a close eye on AISC as this is an extra step in the process but as it stands DEG has a 1.5 g/t cut-off on our oxide which is plenty
Now this one DEG have a lot of too. Personally I prefer these fresh rock. As an investor you want DEG to find more of these, low grade but high tonnage, uniform throughout and comes in large intersects. The main difference from this and the oxide above is it simple to process... mill then floatation and your are basically done. No oxidation or Carbon in leach to contend with. Makes for a low AISC kind of operation. As it stands we have a cut-off grade on these fresh stuff at 2 g/t.
By the way, above are not core samples and as such there is no requirements for me to submit them to the states department of primary industries. Just in case someone here does a whole song and dance as to why I still have them.
Let's enjoy the rising SP but at the same time let's start thinking about how DEG will be operationally.
So in broad strokes and what we have now on JORC, looks to me that the Pilbara Gold project is going to be a top 10 Australian gold mine. Number 8 to be exact. Somewhere between Tropicana and Granny Smiths by the looks of it. Probably better once we get the Hemi JORC announced.
I can look after them better than the LBME.
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