Sir Laurence discovery is now measured at 2,000 meters x 400 meters. Let us assume a conceptual mineralized depth of 100 - 150 meters for a conceptual tonnage target of 200,000,000 - 300,000,000 tonnes. Applying a grade of 1 g/t au we get a gold target measured at 6,660,000 - 10,000,000 ounces of gold. This is a very speculative overview of Sir Laurence BUT it is indicative of the massive structures that are buried under Lake Goongarrie. The aircore drilling has hit bedrock across 2,000 meters which is a much larger footprint than was generated at Kanowna Belle which had grades of 5-6 g/t au. Would buy more KWR but am already significantly overweight here.
When you start factoring the grades at Kanowna Belle and the fact that we are located on an extremely fertile gold strike line, then the conceptual valuation goes thru the roof BEFORE we start looking at all of the other nearby gold targets that have been generated. Please be warned, am using very speculative assumptions here.
KWR Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
