RE: First Ore1 Jul 2021 18:22
SE crescent calcs June 2020 from RNS
Top section 550 long x 20 wide x 230m deep = 2,530,000 m 3
Middle 400 x 20 x 200 = 1,600,000 m 3
Lower 200x 20 x 200 = 800,000m3
3.4 specific gravity
3g/t average
Gold = 1,616,913 oz
June 2021
550x 50 x 230 = 6,325,000m3
400x30x 200 = 2,400,000m3
200x 50 x 200 = 2,000,000m3
3.4 specific gravity
5g/t
Gold = 5,862,540 oz
Last Summer I got a lot of flak for being so low valuation but Hannams grades were over 6g/t in theirs which was amended.
The MRE grades were also low 2g/t, it's 3.4m oz valuation included the northern breccias and adjoining breccia to the sulphides.
Now I also calculated 5-7m oz in the adjoining breccias which is clearly a lot of these did not get into the shells of the MRE, so assuming 1m oz of these added to my 1.6m oz = 2.6m oz
MRE 3.4m oz less northern breccias about 2.8m oz then the 2 valuations were fairly close.
My valuation now of 5.86m oz doesn't include the breccias, these grades have increased quite considerably, I used before 1g/t .
If I allow the increased grades to compensate for the loss of volume to the sulphide, I'm going to leave my assessment of the breccias to be 5-7moz.
my assessment for the SE crescent is between 10.86-12.86moz , but there is a but not all these breccias may be included in the MRE shells and only full shells are in included so realistically conservative
6-8m oz indicated in the MRE for the crescent