The extended zone extends 740 metres down plunge in a NNE direction oblique to the drill sections. The average width of the zone is approximately 270 metres (sectional widths 100 to 370 metres) although margins are still to be defined with only MDD12 and MDD17 clearly closing of the western side of the zone. The average aggregate thickness and grade of mineralization within the zone is 21.0 metres @ 2.96 g/t Au. The gold grade and dimensions of the extended zone have the potential to add significantly to the overall mineral resources which will be updated by the end of this quarter.
So we have 740 x 270 x 21 x 2.96g/t x density Theres 1moz right there on top of the original and they have just got vg another 120m down plunge and across the other side of the creek. CIT a little underwhelming at this stage, but so was RAS.
Don't know who was playing games yesterday afternoon and on open today but I have taken the opportunity to buy more. Thought I might have to pay close to $1 so happy to have got them in the 70's
Heading easy towards 2m0z and mkt cap $100m. Feels like it should be double that IMO.
SMI Price at posting:
79.0¢ Sentiment: Buy Disclosure: Held
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