Hi Dan,
Thanks for all your work here.
I further marked up one of your images with some grades from the surrounding holes, as I wanted a visual guide to wrap my head around how a decent, to high grade hit might affect the resource number in that area.
My amateur conclusions are that it may be quite significant, and that I don't think the market has priced that in yet.
The main reason I come to that conclusion is because of how little gold in a metre of core it takes to produce a big g/t number. We don't have a good idea of how that gold continues throughout the core, or whether we can see most of the gold, so we cant assume the random sample size I use based in fact, but even if it ended up being only 1/4 of it, it's still significant.
If we take 1m of 63mm core, and assume an SG of 2.9, we come out with a little over 10kg of rock. If the gold that metre of core contained was equivalent to a cylinder (of solid gold) measuring 3mm in height, and 2mm in diameter, it equals around 1.8g (when you account for the 19.3 SG of Gold).
Extrapolate that hypothetical number out, and you get a meter of core with around 180g/t. Now will ours be 20g/T? Will it be 200g/t? Time will tell.
Let's say we are very lucky and get just 1m with 100g/t, along with an average of those other holes of let's say a conservative 0.7g/t, and over a length of 170m.
In this100g/t hypothetical, just that small section of gold upgrades that whole 170m to be 1.28g/t. Likely expanding higher grade area, and maybe even dragging up the average grade of the whole resource by a pip.
Negatives? I (and others) have previously been positive about it being close to surface, and while that makes it easier to get to, it would be better in resource terms for it to be further away from the existing indicated resource. Also, we likely need to put another hole either side of 043 to get any of it to indicated.
Obviously not advice, and let me know if any of my maths is wrong!
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