I accept that at this point of time it is a guessing game. However when the results do come out I need to be able to assess them.
So I'm still thinking out loud and waiting for my error/s to be pointed out.
Referring to Peter's email to Karmalocust
"The cluster of holes is convenient for being able to point to tonnage potential if hits occur in multiple holes.
A rectangle 600m wide and 600m long and 300m deep (the tips of our drill holes ) is 110,000,000 cu m at density 2.65 = 285,000,000 tonnes."
These dimensions I think refer to the dimensions of the pyramid drilling structure. Using my high school maths from a long time ago I calculated that the inverted pyramid which is currently being drilled measures 564 m x 564 m x 282 m. Peter has converted the pyramid structure to a prism rounded off to 600mx 600m x 300m which he states would provide 285 million tonnes.
If (no assay results yet) the grade was 0.5 g per tonne, this tonnage would equate to 142.5 million grams. With 31 grams to the ounce, that is equivalent to 4.5 million ounces.
I read a post on HC recently that defined a world class resource as having 1 to 4 million ounces.
Therefore when the results do come out, grades of 0.5 g per tonne or better would cause genuine excitement.
Are these calculations and conclusion correct?
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I accept that at this point of time it is a guessing game....
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