Hello. Due to my lack of expertise, I found this announcement difficult to assess. If we take Far Fanning to be 600 metres long, 50 metres wide and an average of 70 metres deep, the tonnage is 600 x 50 x 70 x 2.5 (bulk density) = 5,250,000 tonnes. Thus the JORC of 2.3MT may indicate much of the proposed pit is being ignored for the JORC. Regardless, the grade of the proposed pit looks low due to the scattered nature of the coloured (blue, green, yellow, red, orange, etc) drill hits.
* Far Fanning: Inferred Mineral Resource Estimate (MRE) of 2.3Mt @ 1.84g/t Au for 138,000oz of gold
* The veins range in thickness of between <1mm to >10mm
* The mineralisation consists of numerous lenses. These mineralised lenses parallel and cross cut bedding and vary in width from 2m to over 20m
* Of the 417,000t processed, 11,000oz Au was produced at an average grade of 0.9g/t Au. Recoveries were estimated in the range of 55-70%.
* The diagram gives the impression the low grade gold (green colour 0.5g/t to 1.0g/t) is scattered therefore the overall grade will be lower.
* Depth from surface to the current vertical limit of the Mineral Resource varies across the resource from 40 m to 100 m.
* The broad structural zone at Far Fanning is delineated over a strike length of 1,700 metres
* The deposit consists of numerous ore lenses. These ore lenses parallel and cross cut bedding and vary in width from 2 m to over 20 m.
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