MTC metalstech limited

No worries! I'm assuming that in this complex image:there's...

  1. 3,776 Posts.
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    No worries! I'm assuming that in this complex image:
    https://hotcopper.com.au/data/attachments/2947/2947047-9d40f3f37b47c996559399842179aa2d.jpg
    there's lower grade resources in disseminated ores that the previous mining company left in a halo surrounding the original veins, and that they make up the JORC from historical exploration results. As such a newly discovered zone will have veins + halo, and therefore not be comparable to the JORC resource, i.e. will be better grade (as evidenced in the consistent hits over 3g/t by 30-90m!).

    It's hard to tell from the graphic how much material was removed in the historical operation, but I'm guessing they didn't build the adits for fun! The JORC is based on ore still there though.

    If this guess is the case, then the resource will be growing in both scale and grade.

 
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