VML 14.3% 0.3¢ vital metals limited

Ann: Vital Hits 8m @ 7.26g/t Au including 2m @ 26.7g/t Au, page-48

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    "If we assume the following:

    Strike length: 250m (I know it's open either side but just for the example)
    Depth: 190m (open at depth)
    Width: 10m (to be conservative)
    Density: 3t/m3

    Using the above numbers we get a possible total mass of 1.425mt. The following grades produce the below results:

    5g/t: 254k oz contained gold
    7g/t: 356k oz contained gold
    10g/: 500k oz contained gold

    Super quick and dirty but it demonstrates relatively conservative numbers we could prove up a very substantial resource.

    This is a very high grade deposit and the average grade may be to the upside. Plus this is just for the one lode. The neighboring lode may have similar characteristics"


    Looks good. Thanks
    Last edited by BlueSkyOne: 14/07/18
 
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