IDC indochine mining limited

The area of BZ is approximately 100m x 150m = 15000m2. Assume...

  1. 3,777 Posts.
    lightbulb Created with Sketch. 310
    The area of BZ is approximately 100m x 150m = 15000m2. Assume bulk density of 1000kg/m3, and assume a 100m depth (note that the holes go deeper than this, but they are drilled in an angle). This will give you 1500000m3 x 2000kg/m3 (typical soil density) = 3,000,000,000kg = 3,000,000 tonnes.

    Now, you guys can go ahead and try putting a 1g/t of gold on this. This will mean BZ alone can have 3,000,000g = 106koz.

    Of course, we wouldn't have 1g/t as average in the bonanza zone right?? *wink wink*

    If we assume 10g/t, this will mean it's 1Moz. So, it's very easy for BZ to be 1Moz. Not to mention that we're only drilling up to 100m depth now. If we go deeper to 200m, then we could be looking at 2Moz.

    And if we can average 20g/t, this will mean we could be looking at 4Moz.

    All in all, we could be looking at anywhere between 1Moz to 4Moz!!

    Someone please tell me that my maths is wrong!! @_@


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.