it's only an exploration target but it should help with attracting eyeballs. The trouble is that there's no headline figure, only a range. I selected a loose median in the range in my post above.
lowering the grade nearly 50% only increases the ounces 30% which shows that the ore has strong zonation.
Not sure how much more is involved in a JORC resource, but this is the result of 18 months work and 471 drill holes. I suppose the next drill campaign will include in-fill drilling to reduce the gaps of data where necessary to get to the maiden resource.
They obviously predict enough shallow mineralisation to build up a decent resource with cheaper RC and save the costlier diamond drilling for testing depth extensions later (hopefully when the company is valued more highly!). This also suggests planning towards initially running open pit mining, with early ore heading to neighbouring gold plants for sooner cash flow.
The project is already larger than the estimated target:
It sounds like the exploration target only includes these areas I mark here in blue:
So plenty of scope for more ounces in satellite pits.
