re: Ann: Orinoco to Commence Exploration Decl... To work out the number of tonnes of gold bearing rock:
Length x Width x Depth x specifc gravity = tonnes of gold bearing rock
(‘specifc gravity‘ is a ratio developed by Archimedes to compare the density of a material to water)
Then multiply by the grade (ie how many grams of gold per tonne)
…...you have the number of ounces of gold in your deposit! [/box]
Decline:
300m X 2.5m X 2m X 2.7 = 4050 tones
8.5g/t = 34,425 grams
1000 onces at $1500 approx = $1.5 million
Cost of Decline:
$2020 X 300m = $606,000
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re: Ann: Orinoco to Commence Exploration Decl... To work out the...
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