Hi Pete,
Results are not good, they're great.
0.5g/t Au doesn't really mean much on its own.
This is not a gold system so you shouldn't be isolating the gold grade on its own.
If it was a gold system, then 1-2/g/t is very profitable for most gold miners.
But this is not a gold system.
It's copper-gold-silver-cobalt, and it looks like it could/will be massive, especially if Orion, Grant's Find, Fuso & Rough Triangle all end up being part of the same system.
Today's result of 0.5g/t gold is actually 3.45/g/t gold equivalent when taking into account the Copper and Silver- so, the result is actually great for such a shallow intersection and not to mention for a first hole drilled.
While we're on grades and Copper-gold deposits:
Australia's biggest and most profitable gold mine (Cadia) is mining at ~0.4g/t gold and 0.3% Copper grades (yes, biggest and most profitable gold mine in Australia, producing at 0.4g/t Au) (the mine just contributed $1.4B to Newcrest's FY21 EBIT).
Anyway, there's a lot of factors to consider in all parts of mining.
Hope that helps.
Cheers,
GB.
- Forums
- ASX - By Stock
- DRE
- Ann: Large Cu-Au-Ag-Co System at Orion, Grant's Find and Fuso
Ann: Large Cu-Au-Ag-Co System at Orion, Grant's Find and Fuso, page-97
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRE (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
0.003(17.7%) |
Mkt cap ! $70.26M |
Open | High | Low | Value | Volume |
1.7¢ | 2.2¢ | 1.7¢ | $730.9K | 35.90M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 5885982 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 1855787 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1900000 | 0.020 |
10 | 929089 | 0.019 |
3 | 666666 | 0.018 |
16 | 2288261 | 0.017 |
20 | 7820035 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 1855787 | 7 |
0.022 | 2208966 | 8 |
0.023 | 1962285 | 7 |
0.024 | 1144000 | 4 |
0.025 | 1084800 | 5 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
Last
2.0¢ |
  |
Change
0.003 ( 14.3 %) |
|||
Open | High | Low | Volume | ||
1.8¢ | 2.2¢ | 1.8¢ | 31528268 | ||
Last updated 15.51pm 07/06/2024 ? |
Featured News
DRE (ASX) Chart |