Tailing Excavation photo: you can see as tailings are dry stacked & only a few hundred mts away from the
Gold processing facility how easy it is to recover tailings & transport to the facility.
Last Month OGX presentation in London Stated an estimated 30,000 tonne of high grade tailings see below mining 121 Investment Conference May 18th -2018. Investor Presentation - 121 Mining page -6- Five one tonne random tailings samples recovered 9.27 g/t Au with potential for" SIGNIFICANT GOLG RECOVERY NEAR TERM". Page -8-Potential for HIGH GRADE TAILINGS RECOVERY -"TOTAL SIZE" OF THE "TAILINGS STOCKPILE" ESTIMATED -30,000 TONNES" –to be re-processed through Hammer Mills. further comment-Initial focus for Hammer Mill- 4 "WILL BE "ON "PROCESSING OF HIGH GRADE TAILINGS".
So the company-OGX has 9.27 g p/t x 30,000 t -Its very recent estimated tailing equates to is 278,100 grams=8,942 Oz x Price of gold - AU- ATM OF $1,725.00 per OZ equates to $15,425,000 au. This does not allow for other areas of tailing that are thought to contain higher grade tailings. Quote-"IMPORTANTLY THIS STOCKPILE " was "NOT" FROM MATERIAL PROCESSED FROM THE "HIGHER GRADE" AND FINER GOLD" MESTRE ZONE"-THAT WE SUSPECT "HAS GONE TO TAILINGS ALSO".
Further the company statements like the MSM 100 t batch that was resampled from tailing returning 26.64 grams per tonne! Asx Release 12 Jan 2018 salt
