The 3.6M Oz is the top end of an exploration target over the whole project approx 2.0km x 1.6km. The current drill program was only focussed on the Southern Zone of the project where the target was something like 300k - 800k Oz's, so the initial MRE will be in this lower range. The grade's seem to be the range 0.5 -1.5gpt over fairly consistent and thick intersections. The CEO mentioned that the average of all drill holes in 2022 was 0.8gpt. Agree, not outstanding but better than the <0.6gpt going through the Fort Knox mill. If FXG can define a resource, thick, shallow, open pittable able to process through FK then it will be worth a bit.
FXG Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
