I did some side-by-side comparison >
BEFORE 06/03/2018:- 232,000 ounces - 5.95 Million Tonnes @ 1.2 g/t (0.4 g/t cut-off grade ; 24 g/t top-cut grade)
The MRE at the Boorara Gold Project is a result of Macpherson drilling 182 holes for 16,974 metres and historical drilling of 937 holes for 74,498 metres.
ON 06/03/2018:- 507,000 ounces - 16.45 Million Tones @ 0.96 g/t (0.5 g/t cut-off grade ; 40 g/t top-cut grade)
The MRE at the Boorara Gold Project is a result of Macpherson drilling 37,000 metres, using RC and Diamond Core samples.
FUTURE :- ??????? ounces ?? Million Tones @ ?? g/t
1. MacPherson's have identified three open pits within the 1800 metre strike zone and about 700 metres of the mineralised zone is targeted for future infill drilling of some 20,000 metres
2. Up to 4 deep RC/diamond holes will be planned to test deeper mineralisation; and
3. Northern ore extensions beyond the 1800 metre strike zone.
Key items I'll be watching out for this year:-
- How much of these ounces can be converted into reserves (economical)?
- Possible to hit > 1 M ounces resource with further drilling?
- How much more cost needed to complete further drilling and the subsequent DFS?
- Do we have enough funds to cover above cost?
- How long more required to complete DFS?
- Nimbus to be sold? J/V?
- Is deeper mineralisation able to be established with 115 degree RC/diamond holes?
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- Ann: Boorara Gold Resource up 118% to 507,000 Ounces
I did some side-by-side comparison > BEFORE 06/03/2018:- 232,000...
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