Mineral Deposit Value - How to Calculate the Potential Value of a Mining Project - UndervaluedEquity.com
Formula Example Strike Length x Depth x Width x Specific Gravity =
“X” (in tonnes) 50 x 63 x 50 x 2.5 = 393,750 tonnes
2. Multiply the Tonnage by the Grade
393,750 x 5.8 grams per tonne gold = 2,283,750 grams per tonne of gold
3. Convert Gold to Ounces
2,283,750 gram per tonne divided by 34.2857 = 66,605 ounces of gold
Ann: Further high-grade gold results at Diamba Sud, page-8
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