KAU 1.47% 17.3¢ kaiser reef limited

If you do the maths on those results, they don’t come up too bad...

  1. 419 Posts.
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    If you do the maths on those results, they don’t come up too bad IMHO.
    The hole that went 4.4m @ 118g/t is equivalent to 44m @ 11.8 g/t fair bit of gold there. The hole also included a intersection of 0.3m @ 1715g/t, which if you do the maths on is 60.49 ounces per tonne x $3000 (Aus) per ounce = $ 181,470 per tonne, not bad when some low grade operations are mining and milling ore at less than 1g/t.
    It will be interesting to see the production when this ore is mined and processed, because who knows what is either side of where the drilling intersected this grade , I very much doubt the drilling would have been lucky enough to just hit a small pocket of insanely high grade gold, time will tell.
 
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