RE: Huge Gold Grades2 Oct 2023 08:39
The Holmes vein is the dominant vein system at the Project. Not only is gold present within the vein, Antimony (present as Stibnite) is visible and has been seen numerous times in outcrop. The Holmes vein consists of at least two main quartz stockwork zones up to 10m wide and is bounded on the western edge by a shear zone up to 1m in width and can be traced along strike for at least 300m. The best Antimony values are obtained close to this shear. To date, ECR has only received the results for a limited number of surface outcrops sampled, with these situated adjacent to and along strike of the shear zone. Best results include 8.19 g/t Au and 7.67 g/t Au and Antimony values up to 29% (290000 ppm Sb).
A gold equivalent value has been calcuThe Holmes vein is the dominant vein system at the Project. Not only is gold present within the vein, Antimony (present as Stibnite) is visible and has been seen numerous times in outcrop. The Holmes vein consists of at least two main quartz stockwork zones up to 10m wide and is bounded on the western edge by a shear zone up to 1m in width and can be traced along strike for at least 300m. The best Antimony values are obtained close to this shear. To date, ECR has only received the results for a limited number of surface outcrops sampled, with these situated adjacent to and along strike of the shear zone. Best results include 8.19 g/t Au and 7.67 g/t Au and Antimony values up to 29% (290000 ppm Sb).
A gold equivalent value has been calculated by converting the present price of Antimony to the equivalent value in g/t Au. The estimated equivalent value being 3 g/t Au for every 1% Sb (Antimony), and this calculation is similar to the current formulae used by other Australian producers of Gold and Antimony. This would convert the best Antimony results to 31.3 g/t Au and 30.13 g/t Au Equated by converting the present price of Antimony to the equivalent value in g/t Au. The estimated equivalent value being 3 g/t Au for every 1% Sb (Antimony), and this calculation is similar to the current formulae used by other Australian producers of Gold and Antimony. This would convert the best Antimony results to 31.3 g/t Au and 30.13 g/t Au Eq
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