DEG 1.36% $1.23 de grey mining limited

Just a guess and Aquila results this week could change my...

  1. 698 Posts.
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    Just a guess and Aquila results this week could change my calculations but below are my estimates (Only posted for information as it is my first time doing this and I want see how close I get);

    Brolga





    Drills30400E30480E30560E30640E30720EAverages
    Cross Section m210,51621,33126,55927,38911,83619,526
    Median g/pt0.91.41.32.32.41.66







    Volume of mineralisation m3 = Average Cross Section m2 x 320m long strike = 6,248,384m3







    Weight per cubic metre = 3 tonnes










    Grams of gold = Volume of mineralisation x Weight per cubic metre x Average g/pt = 31,1161952.32 grams of gold/1,097,618 ounces

    Aquila





    Drills30050E30240E30400E30480E30560EAverages
    Cross Section m24,3616,6648,7685,9833,5325,862
    Longest g/pt2.10.41.42.521.68







    Volume of mineralisation m3 = Average Cross Section m2 x 510m long strike = 2,989,416m3







    Weight per cubic metre = 3 tonnes










    Grams of gold = Volume of mineralisation x Weight per cubic metre x Average g/pt = 15,066,656grams of gold/531,460 ounces

    So I think Hemi is about 1.5 million ounces on what we know at present (further drill results may add to that).


 
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