I am aware the gold is "locked up in the sulphides" ... my point was that the ultra-fine nature of the gold mineralisation allows for easier transportation and dispersion. The fact the overall footprint appears large indicates the mineralisation event was substantial and so the likelihood for repetitions of bonanza grade intercepts contained in traps is realistic.
True enough other companies have walked away from this prospect but that also coincides with PoG in the $400/oz days.
The 41m @ 2.37g/t Au intercept is in an oxidized zone so that most likely can go through the WGP mill as is.
As for 6m @ 40g/t from 32m'.... well... I am sure CAI can cope.
Blue Spec has, so far, a Maiden Reserve of 83koz at 11.4g/t Au. As I am sure you must be aware a reserve number refers to that which can be mined profitably.
As far as only getting 60% gold credit for the concentrate management is on the record stating the antimony credit is sufficient to pay the refining charges. The soil sampling around Felix is showing the same characteristics.
CAI Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
(20min delay)