RE: OMI - El Pantano22 May 2026 12:54
'Yes, high-grade gold starting at the surface is the absolute holy grail for mining.'
It eliminates the most expensive hurdles in the gold industry:
-No Pre-Stripping: Underground mines require expensive shafts and tunnels, and deep open-pit mines require moving millions of tons of waste rock before touching the ore. Surface high-grade gold is immediately accessible, resulting in exceptionally low initial capital costs.
-Maximum Margins: Grade refers to the density of gold per ton of rock. High-grade ore means extracting more gold with less effort. The lower your costs to dig and process, the wider your profit margins.
Stating the obvious, but it does not get any better for a exploration company than discovering high grade gold starting at surface.
Early days here, remember that. They've only bee poking around Pepas for 18 months with one rig, that one rig has spent over a year of that time on the 'Pepas' deposit.