G'day all-Some thought prompting info below that some may find interesting.
Drilling Discovers Mineralisation at the Grapple Prospect on Lake Mackay JV
Five RC holes completed-Two of initial three holes intersected mineralisation.
Hole 16GRRC003 -
9m at 3.26% copper, 1.8g/t gold,49.1g/t silver, 3.63% zinc, 1.09% lead and 0.26% cobalt.
10m at 1.05%copper, 1.6g p/t gold,50.1gp/t silver,2.55%zinc,1.71%lead & 0.09% cobalt.
5m at 4.61%copper,1.1gp/t gold,40.9gp/t silver, 4.61% zinc, 0.67%lead & 0.25% cobalt.
Just completed for curiosity sake analysis on total revenue value- per tonne, using the average
g p/t silver- gold & average percentage zinc, copper, lead & cobalt from the Grapple prospects
3 known hole intercepts.
Using London Metal Exchange prices -USD per lb converted AU & KG
& SILVER & GOLD -AUD per gram.
Below results listed highest to lowest value return per tonne of ore,
results are interesting as they bring to light percentage values & are
probably not what most would expect.
This is example only based on this mornings values x average drill hole results,
there is no allowances made for dilution of % or g p/t during mining & ore extraction
nor process plant losses to tailings or refining losses.
Results are non the less a guide on values that will surprise some holders.
ZINC-3.59%=35.9kg x $3.43per kg= $123 p/t of ore.
Copper-2.97%=29.7kg x $7.35 per kg = $218 p/t-of ore.
Gold-1.5g p/t x $52.96 per gram = $79.44 p/t of ore.
cobalt-0.20%=2kg x $29.75 per kg = $59.50 p/t -of ore.
Lead-1.15%=11.5kg x $2.90 per kg = $33.35 p/t-of ore.
Silver-36.7g p/t x $73 c per gram = $26.79 p/t of ore.
Total combined per tonne - $540.08.
Total of $540.08 per tonne is equivalent at ($1,647 AU- per OZ )
to 10.2 g of Gold-per tonne .
The above gives example how multi-element deposits add significant
value & are synonymous with the most profitable mines in the world.
imo-dyor
gltah-salt
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