Do you think that Troy left behind 100's of thousands of tons of tailings
with recoverable gold?
G'Day asculpeous-Yes they did do - TRY's tailings where approx 3 g p/t,
seE referenced 3 g p/t tailing mentioned at the 121 London Conference by M.D.-J.G
we are aware also they left 50,000 OZ JORC resource-Sertão has existing
JORC Mineral Resource estimate 223,111 tonnes at 6.9g/t for 49,268 ounces
of contained gold
The current drilling program while testing for Eastern extensions to the old
previously mined TRY Sertao Stage 5 mined orebody indicates encouraging
results in shallow drill hole OST013 in only 15 mts.
Its interesting because Troy Resources between 2002-2006 and produced
256,000 ounces (189,500 ounces Stages 1-4 and 54,200 ounces in Stage 5)
at an average grade of 25 g/t 7 was one of the highest grading open pit
operations historically in the industry. - the industry average for open pit
operations is approx 2 g p/t.
On the 6th August -ASX Ann Sertao Drilling update stated
Quote-As part of this review, the Company conducted a detailed study of the
Sertão Prospect which has an existing JORC Mineral Resource estimate of
223,111 tonnes at 6.9g/t for 49,268 ounces of contained gold.
As a result of this work, an IP anomaly consistent with existing ground geochemistry has been identified directly to the west of the Sertão
Stage 4 and Stage 5 open cut pits.
And again mentioned ASX ANN 25th July-As a result of this work, an IP anomaly consistent
with existing ground geochemistry has been identified directly to the west of the
Sertão Stage 4 and Stage 5 open cut pit.
Analysing the data gathered from the 2015 campaign with historic data from SML,
Troy, WMC and the SRT001 (Yamana) drilling together with the existing induced polarisation survey of the project provides very strong support for the theory of continuation of the intense mineralisation along a structurally controlled fluid
pathway to the west and north. Our exploration team assess the findings of this
modelling to indicate potential significant extensions of the Stage 4 and Stage
5 orebodies.
The company also Ann-Lodge all permits needed for the environmental licence
and operating licence for Sertão, the Company has advanced the task of licensing
an area obtained from Troy Resources-Sertão, in anticipation of continued
favorable exploration results.
We are currently in the process of lodging our environmental licences at Sertão
that would permit a CIL circuit to be installed there for minimal capex.
That is the logical place, as cyanide was previously used by Troy
Resources when they ran Sertão with recoveries up to 97%. Previous
management had always maintained that Cascavel is oxide ore and would only
need gravity.
The tailings stockpile could be higher grade than we currently
understand, but we won’t know until we carry out this comparison.
Over 99% of gold mines in the world use cyanide in their back end,
so it would not be a surprise us if we may also need to
The results from a third-party mill will tell us either way.
Three additional high priority targets, Nena, Estrella and Santa Rita have also
been identified in this systematic ongoing review so far.
The significance of these three targets were not previously understood by the
Company as the exploration at the time wasn’t completed by Troy / SML as
they were explored just before Troy shifted owing to a shift in focus from this
region to their Andorinhas Project.
Not that hard to read between the lines-lots to play out, personally i am very
interested to hear more about in this I.P Anomaly, its clear that current CIL
tests in conjunction with Serato exploration will dictate OGX's future direction.
Further we have NOT heard any updates from Eliseo Bulk pit samples ?
thought to be shallow - the bulk pit samples could given they are shallow & easily
accessible i provide additional feed to complement a restart of Sertao .
We know at the London 121 Conference JG at the 1 Min mark mentions that
tailing are thought to range from 9g p/t-84 g p/t -his words.
its worth a re listen regarding Sertao -3 g p/t tailings -thought to become
100,000 OZ when added to JORC resource mentioned at 4,1 minute in video
conference, also & have a close listen regarding Eliseo at 5 .4 Min mark .
All very interesting-much to play out imo,
salt
Expand
