chuck,
From my post on SW:
Lets hope that when they announce the start of the second hole at MacKay, they also announce an intersection, thickness and depth from the first hole:-)) For your interest, 9 drill holes on 1000 meter centres, forming a 2 kilometer square grid, and assuming an average thickness of 2.5 meters, would infer 25 million tonnes, and all at a cost of $2.25 million. One could reasonably infer 500 meters beyond the outer drill holes which would make a grid 3 kilometers square, suggesting that as much as 56 million tonnes were possible. Infill drilling would then be required, but at that stage, not even Upper Canada would complain, especially if it added a couple hundred million to the market capitalization:-))
regards, teevee |
