As Bandalup highlights,
pan concentrates grossly overstate a representative grade.
Then move to the next level, where were the samples taken? If on a bend in the river, grades on the inside can be many multiples of those on the outside. Gold, being a heavy mineral, drops out in slow moving water-the inside of the river, more than the outside. It requires extensive systematic sampling, not a comparatively simplistic summary of pan concentrates!
Of note, how many alluvial plays pass the JORC guidelines? If you feel like Robinson Crusoe on this one do not be surprised...LOL
No mention of assay techniques etc etc etc.
Danger Will Robinson...
Cheers, TAS
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