The DEEPS is the most explored and independently evaluated resource on the Youanmi shear.
Ravensgate's INDEPENDENT RESOURCE MODEL REPORT on the YOUANMI DEEPS UNDERGROUND GOLD PROJECT at the YOUANMI PROJECT is the authoritative study.
Below is an up to date diagram showing the Deeps lode.
Note the following:
The historical mine did not nearly extract all the lateral gold. There are large deposits of relatively shallow oxide gold at 10-15 g/t to the sides of the decline.
There is probably another 100,000 ozs at more than 15g/t, though refractory, This was untouched because it was inconvenient to the decline architecture (shaded grey).
The Deeps have never been found to have a bottom. The deeper they explored the more gold they found.
It could be 1000m or more deep, perhaps 2000m.
Towards the end of the explored part gold grades increased the last mined was 14g/t.
That is exceptionally high-grade and very rare these days.
The gold transitions to refractory at depth but Rox has achieved a very high recovery by ultra fine grinding and POX treatment.
The resource is currently 586,000 oz au @ 7.9g/t but will be close to 1m ozs in the next JORC upgrade.
The DEEPS is exceptional and one day will be producing a yearly cash flow that is a multiple of Rox's current valuation.
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