DEG 4.76% $1.21 de grey mining limited

Ann: Major strike and depth extensions at Diucon, page-8

  1. 4,222 Posts.
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    Morning all.
    It has been a while but this ann got my attention.
    I started to think that the sp was going up without added value and reason, but this ann really adds some value.
    If we just take the step out measurement of 125m x the depth extension of 400m, then apply a third dimension as scaleable from the pics?
    I would apply 150m.

    Then we can use 125 x 400 x 150 to get 7,500,000 M3
    x 2.6 sg x grade 1g/t then divide x 31 we get 629,000 oz
    We need to apply a waste factor of say 50% to get a back of the envelope 315,000 oz.

    These can be subject to many variables so calculate it at your own discretion.
    Regardless of how those numbers are confirmed, any discovery of this size would warrant attention.
    This however is an extension to an already amazing and growing story.
    One has to wonder how far this will grow with the depth far from being explored along with extensions and further discoveries here.


    https://hotcopper.com.au/data/attachments/5053/5053670-25f2c2e5369a2fa8946f72eb9675a9b1.jpg
    Kind regards, Wack.
 
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