momentum building 20g/t in the air, page-5

Maximus used the expression has been fulfilled to
state that the company is of the opinion it had reached
this initial exploration target. The original exploration
target of 500,000 to 600,000 tonnes at 10 to 15 g/t
gold reported by Maximus was inclusive of the already
defined inferred mineral resource of 421,000 tonnes at
12 /t gold. This original exploration target was also part
metres at 14.2 g/t gold in SA Government hole BH-2).
Other mines which have historic drilling of note are
Deloraine (8 holes drilled 1934-35, 4 of which intersected
lode values up to 125 g/t gold but failed to assay
fringing mineralised rocks evident in the geological logs
available), New Era (3 holes, 1905 with intersections of
up to 4 metres at 15 g/t gold) and Eureka (2 holes, 1917
with intersections of lode assaying 2 g/t gold). Examples
of past production from some historic mines include
Deloraine where 48,700 tonnes at 20 g/t gold for 30,500
ounces is reported, Scotts Reef 6,000 ounces2, New
Era 15,300 tonnes at 11 g/t gold for 5,500 ounces and
Eureka 8,300 tonnes at 16.8 g/t gold for 4,500 ounces.
These mines represent individual historic producing
mines of some several hundred gold mines enclosed
within just 3 of 7 goldfields under Maximus control from
which recorded production exceeds 300,000 ounces2. By
comparison with Maximus success at Bird-in-Hand and
using a ratio of 20:1 on the total ounces of production
for the previously 4 named mines, then converting this
total production to a grade range of 10 to 15 g/t gold,
the tonnage range would be 1.9 to 2.4 million tonnes.