OGX 0.00% 0.3¢ orinoco gold limited

Price rebound now, page-15

  1. 34,336 Posts.
    lightbulb Created with Sketch. 9076
    A$600/oz cost, is very low, even US$600/oz AISC is a great result, imo.

    In 2016,

    The Company’s initial focus is on developing a low cost (circa A$600/ounce),
    underground operation at Cascavel, which is expected to produce at a high grade
    (diluted) of around 20g/t.

    In March 2018,

    Cascavel Mine: Cascavel is OGX’s operational, narrow vein, high-grade gold mine. Recent results, from the newly commissioned hammer mills have returned average mining grades of >30 g/t Au, making Cascavel a potential tier 1 high-grade underground gold operation. Prior drilling holes 1.6km away from the mine center, which have intersected narrow gold veins originating from Cascavel, support the company’s belief that Cascavel has an extensive network of underground gold veins. Cascavel has also reported one of the richest silver intersections ever discovered in Brazil at a width of 17.56m @ 1,282 g/t Ag, with rock chip samples of 4,000 g/t Ag, as well as Cobalt samples in excess of 1%.
 
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Currently unlisted public company.

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