what our drilling is confirming is the consistency of gold along the granodiorite, being the host rock of the gold.
If we get to extending the intrusion to 5km, and assume that only half of it has gold, and that gold matches current Eridanus depth to 300m and only 15m thick, that gets us to 1m oz at 1gpt.
doesn’t factor in the fact that eridanius goes much deeper, I only used their current depth, doesn’t factor in extending the length to 5km, I only used half, and doesn’t factor in increasing widths, which I have only used 15m on average, nor increasing grade where eridanus is higher relative to 1gpt I used in the calc above.
we just need to drill drill drill, but the footprint and geological controls are there for a 1m+ oz gold deposit IMO.
Ain’t it lovely seeing $5,300 gold price!
ORD Price at posting:
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