NVA 8.89% 24.5¢ nova minerals limited

Nice one @mt88! Haha! We were both thinking the same thing!...

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    Nice one @mt88! Haha! We were both thinking the same thing! Here's a range of numbers I came up with.

    Was going to post earlier but I was looking for some other situations where a volume of an iso-surface had been reported.

    I ran the numbers for a range of grades but as an indication:
    • Kinross Fort Knox is 0.33 g/t
    • Whistler (nearby) is 0.4 or 0.5 g/t (depending on component of the Resource)
    • Victoria Gold is 0.66 g/t (reserves)
    • Shotgun Gold Project is 1.06 g/t
    Obviously a cut-off grade also needs to be applied as the cut-off grade is the grade below which certain portions of a deposit are not economic to mine.

    Drilling of course needs to determine grade of mineralisation and ultimately proportion of the "deposit" the contains economically mineable gold.

    Screen Shot 2019-07-17 at 7.27.04 pm.png
    Last edited by wombat777: 17/07/19
 
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