That pretty well nails it down. 1.7 sq Km's to max depth of equipment (300 metres).
1700 x 1700 x 300 =867,000,000 cm3
867,000,000 cm3 x 2.45=2.124 billion tonnes of possible ore
If we have .7% (14lbs) per tonne =29.738 billion lbs of copper
If even one 50% of this deposit is mineralized at .85g/t Au then we will be laughen money!!!
1.065 billion * .85g/t = 905,250,000 grams
905,250,000 grams / 31.03 =29,173,380 ozs of gold 50% at .85g/t mineralization
So how big is this anomaly...big.....is it likely to contain pig-iron? No because we are in a "proven area" of copper mineralization and huge deposits. Is it still open to depth...yes...how deep do the deposits in this area go....it can go to 1000 metres!!
Could we have alot of gold, sure...could this turn out to be a Gold/copper deposit rather than a copper/gold deposit it certainly could. Could it turn out to be a copper/gold deposit with enough gold credits to extract the copper "on the cheap" Yes it could! Could it all be uneconomical...not in this area!!!
Do your own DD. I will own the stock until the end.
Good luck to us all!!!
PS I will check my "math" in the morning, its late!!
the Chief |
