NVA 0.00% 22.0¢ nova minerals limited

Ann: RPM Gold Deposit Operational Update, page-41

  1. 5,788 Posts.
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    I inferred/calculated the following about RPM-005.

    While the intersection is listed as 400m @ 3.5g/t, 96% of the gram meters are actually shallower than 221m in that drill hole.

    So from 221-400m is close to nothing (around 0.2g/t), but 34-221m is 7.3g/t (and holding 96% of the total intercepted gold).

    That can be broken down further as: 34-89m, 0.6g/t. 89-221m, 10.1g/t (94% of the total intercepted gold).

    I'd call that reasonably good news, that it's fairly shallow. 96% under 221m in the drill hole.

    https://hotcopper.com.au/data/attachments/4465/4465857-ca532462d98f3c3cf3778906b91f9815.jpg

    https://hotcopper.com.au/data/attachments/4465/4465859-ef008bf0098b8f5360ecf1b52341ec53.jpg




    Also this. See how the g/t increases the NPV drastically.

    With RPM North being 2g/t, but only 1.5moz. If it was up there toward 8moz, like Korbel, would the NPV be off the charts because of the much higher g/t? That sensitivity chart suggest it might be so.

    Hopefully the 1.5moz gets upgraded significantly. There's a lot of drill results to come, so it should get bigger, and today's 'visible gold' above/below RPM-005 suggests some interesting assays incoming.
    https://hotcopper.com.au/data/attachments/4465/4465888-b3162f88cdd9016e0945685182d18aec.jpg

 
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