So ignoring the bismuth and cobalt the intercept in gold terms would equate to:
12.7m (true width) x c. 24 g/t Au eq.
Pretty impressive. It is deep though at c. 836m so to be developed the system will have to be quite large and relatively contiguous.
The current resource estimate of 1.2m oz @ 5.57 Au eq. is a good base to further grow the resource estimate to a size that would make the development economic.
Given the analogue to Tennant Creek (156t Au and 345kt of Cu) this is impressive.
By my calc's, converted into Au eq. at today's prices it would make Tennant Creek production of 6.58m oz Au eq. If Rover 1 got anywhere near this in terms of resource estimate it would be developed and a major asset for MLX.
Cheers
John
MLX Price at posting:
84.0¢ Sentiment: None Disclosure: Held
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