My point is not the shape be it cylinder or not, its the depth of mineralisation!! its not from 400-1200 solid strike of gold in each metre of 400-1200m . within that 400-1200m there is 400m of none gold bearing material within it. I very much doubt nature deposited this material in a neat cylinder. The shape, I would imagine is very irregular.
We are doing back of fag packed calculations here, but the step out drill results will be very, very interesting. If they show mineralisation continues, which I think they will as Newcrest are actually ramping us up, then the size of Haveroin could be much, much bigger. but i would say it currently is approximatly a known 2.5-3.5m oz
Back of fag packed calc :)
Hi Paddy, I guess the problem with this statement is 300m across. If its 300x300 then 300x300x400 for cubic size.
Haveroin could be 300x1200, its the size of the across we need to know but if they are saying over 3m oz then the calc would be 300x300x400 Divide by 14 as there are 28g per oz so at 2g per tonne the half this to 14. 2.57m oz
Hi Paddy, great posts over the weekend by the way, I'm just going off the drill results, they tell you how much and at what depths they meet gold bearing material. If we use these as a yard stick then it does seem about one third of the material down each hole has gold in it, at differing quantities or percentages,
I dont know the the size of the foot print of the known edges of the find at Haverion, does anyone know the known area ie 400m x400m? if it is an area of something like this then we could work out the tonnage approximatley by saying its roughly 400metres deep. If it is 400x400 foot print then roughly 400x400x400 would equlal 64m square yards. a square yard might be over a tonne, not sure but if the average is 2g per yard cubed then 28g per ounce equals 4.57m oz of gold
at this point Newcrest have not found the edge of the deposit in any direction but once we know the footprint we can do some rough calcs using one third or 400m deep as a strike. :)
If you look at the rns 10th sep from Haveroin drill results from Newcrest it states drill intersects at what depth so 25m @ 550m @ 2grams and then 40m of intersect @700m-740m @ 3grams for example. so add upp the intersects over that hole, and it works out to be around 400m of intersect over each hole as an average. Some holes are more than 400m of intersect and others a little less but its not a solid hole of strike. The quantatity of gold varies down the hole. The first 400m is just soil.
Newcrest are trying to define the shape of the ore body, then they know the coordinates of where the good stuff is, and hence where to dig. first 400m is soil, then down most holes theres a good 100m of strike from 450m then maybe nothing until 800m down, so dig at 550m and remove the 100m of strike above and train of to telfer. next might be 1200m down and drop 800-1200m and train off to telfer.
Hi Reddirt good to see you on here, is it not because the first 400m is just top soil and then the drill intersects are 300-400 metres of mineralisation, as of a certain depth. if the hole is 1200m first 400 is soil and then maybe 50% of remaining is a strike.
I hope it is the beginning of it, but the volumes bought are very low numbers, does look like private investors putting in small amounts, which is great as they are likely looking longer term or trying to jump in before newcrest results. For us to re rate we need they larger funds to jump in and buy large volumes, which might come after newcrest results.
Might be Australian PI who are more aware of what's going on. Just my opinion. Some great posts over the weekend tho, thanks to all.
The world is very wobbly at the minute across the board, and knowing where to put any money you have, looking for a return that beats inflation is a massive issue. I think long term it has to be gold and silver, but the stock markets are heavily bought by the central banks, I heard that Switzerlands currency is now backed by the FANG stocks!!! If central banks are so heavily invested in the stock market and they can print money and buy the stocks then they can keep this rodeo going...
I think eventually it will go pop, but that will be soo messy that they will not want this to happen. But what will make it go pop is the question. I think only when all the cash they print actually makes their own currency worthless. But how does that suddenly happen? I might have to research this, but i would imagine when the money they do print gets into the wider economy, but if its just held within the stock market by the rich, who as we all know dont spend their money, then it will just keep going.
If the market does roll over then all stocks including gold and silver stocks will also take a dive, so being invested in gold and silver stocks in my opinion is not a hedge against a full on sell off. I am sticking with ggp in the long term and I do feel despite a small sell of today it will bounce back and gold and silver will drop back again until the economy does take a dump and then after this gold and silver will go for it. All in my opinion..
If newcrest do wish to buy the 5% offered on completion of the farm in, perhaps that would be enough to essentially pay for the 30% of mining costs. This would be a great scenario where we essentially are paid 25% of haverion as it gets mined. Thus would finance any other drilling we wished. Not sure if it would be enough but I guess that depends on how big it is.
Scallywag is interesting, would be nice to get some further news on where we are at with that one.
I think they will let Artemis drill Scallywag, if i remember rightly, the anomaly crosses over from our boundary into theirs, so could be interesting if they find something good and would like to buy the part that is in our tenement?