Ummm.. doesn't this still have the potential to be a 7M ounce plus deposit? Based on just the silver?
Then there's gold and copper credits.
If 8 holes came back with high grade silver, a very simple way to look at it is this:
If we assume those eight holes are the closest to the first hole, that would give and area a shape of mineralisation about 750 x 500 x 1km x 750m x an average of 15m of very high grade silver.
But we know that the mineralisation is in corridors so there's every chance the mineralised zones are spread out.
I'm just saying that if we were looking at 20M oz gold eq. of silver on 22 holes, then 8 which is 36% of that is still 7 million oz gold eq. of silver at high grade and starting shallow.
They are claiming they have made a "Major high grade poly-metallic discovery" and I still they might have.
Just need the silver grades of the other 8 holes to confirm grade.
OGX Price at posting:
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