RE: An interesting read re Elizabeth Hills production 199925 Jan 2026 18:00
Brilliant report.. my highlight is
Owing to the extremely high silver grades at Elizabeth Hill and the nugget effect caused by rich veins and local erratic concentrations of native silver metal, estimation of grade within the precision required for the Measured resource category under the JORC Code is not possible. Accordingly, the indicated and inferred categories have been adopted for this estimate. No top assay cut was applied and an average bulk density of 2.75t/m3 was used, based on measurement of drillcore. The resource estimate does not extend below 105m depth as data is not as yet available. The resource between 55-105m below surface totals 24,100 tonnes at 4,100g/t Ag (indicated plus inferred) for a total of 3.26 million contained ounces of silver. Underground mining and development during 1999 has resulted in extraction of approximately 6,600 tonnes of this deeper part of the resource, leaving about 17,500 tonnes in situ. The inferred (shallow) resource is poorly defined due to incomplete drill coverage and recovery problems due to abundant groundwater. It is anticipated that the average grade will be increased by additional infill drilling.