Yes, but without drilling it cannot be said that it is not there. You cannot rule it out. I like 54.0 ounces gold per ton. I wish I had about 20,000 tons of that sort of stuff. That would be 200 feet long by 200 feet deep, 6 feet wide. Do you think that is possible? Even 5 ounces? Even a teeny deposit at those grades would be doable.
The highest grade small tonnage gold mine in Canada was the Sachigo River Mine which was mined for 16,000 tons of 3 ounces per ton during the war. The Discovery Mine in the Territories ran for one million tons of one ounce per ton. So did the Leitch Mine in Ontario. Both closed between 1968 and 1972. The richest large mine in Canada was Campbell Red Lake. Its ore ran at 0.60 to 0.49 ounces per ton for 8 million ounces. I worked at Kerr Addison Mines when their average grade was 0.450 ounces per ton. I worked in a quartz vein 4 feet wide whose grade was a steady 3.0 ounces per ton. We mined about 25 to 30 tons per day out of that vein with two men. Goldcorp in Red Lake reports reserves of one million tons of 2.6 ounces gold per ton, making it Canada's richest large mine. The most prolific vein system in Canada was the Hollinger-McIntyre which was two mines on the much same orebody. The McIntyre ran at 16 million ounces of .28 ounces per ton and the Hollinger at 20,000,000 ounces of .0.40 ounces per ton. That is 107 million tons of high grade ore.
The richest mine ever was Goldstrike, Nevada. Goldstrike started its life at 700.0 ounces gold per ton. It ran that way for a little while then petered out to a mere 50.0 ounces per ton and finally ended in the low low grade at depth in 1890 of 0.50 ounces per ton. At those miniscule amounts it was barely viable.
I have one I can mine that is 5 ounces per ton. There is maybe
3000 to 10,000 tons of the stuff there, right on surface.
What is the pda?
mailto:echarter@mineletter.com
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