re: Ann: CYU: CYU and GSE update on high grad... I haven't seen much over about 5,000PPM. There are a few who had strikes upwards of 50,000PPM
Anything between 2,000 - 5,000PPM is consider high grade
50,000PPM would be the equivalent of bonanza grades for gold I would imagine. Deep Yellow for example have a reporting threshold of 441PPM.
Deep Yellow had one of 110,500PPM (11%)
Pen had the one you mentioned of 5,160 PPM (5%)
Thunderlarra had one of 5,179 PPM (5%)
58,960PPM (6%) U is nothing to sneeze at.
So now with the uranium coming into play, high grade gold of up to 8g/t and the copper and gold mineralization looking to extend at depths of up to 1,200m, this JORC of theirs is becoming very interesting.
Within the next 2 - 3 weeks they expect to potentially triple their current JORC off a single drill hole which may alone confirm a commercial deposit.
I conservatively can't see this being sub 2c for long
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