From Tiburn great piece21 Nov 2018 16:25
Solgold has multiple world class drill results with substantial mineralisation
http://www.solgold.com.au/ecuador/
In the table of all drill results recorded for gold and copper intercepts best ever, they have 5 holes out of the top 20 with world class intersections - consisting of over 1km of continuous mineralisation grading over 1% Copper Equivalent.
HAD5 has 275m mineralisation so not as much, but the average grades are better overall.
I found this site that calculates the copper or gold equivalent values
https://www.geologyforinvestors.com/simple-metal-equivalent-calculator-for-mining-results/
I placed the average values from the RNS:
"Gold equivalent values are calculated using a copper conversion factor of 1.5998 from a copper price of US$2.80/lb and a gold price of US$1,200/oz."
with Total combined intercept of 275m at 4.77g/t gold and 0.61% copper
and assumed 90% recovery
That gave me results of :
•CuEq 3.23 %
•AuEq 5.17 g/t
So in terms of grades, HAD 5 is superb, for the copper equivalent value of 3.23% that's 4th in the Solgold table of best drills recorded.
The key metric through is total scale of find and metre grams gold equivalent.
The Table of all drills has a metre equivalent value for copper at the last column, with for example Cascabel Hole 12 having m% Cu eq value in metres of 1455m
We have total mineralisation in one drill hole in excess of 1,500 metre grams gold equivalent as GH stated
I'm assuming metre grams gold equivalent would give more length than metre grams copper equivalent ? Hopefully Red dirt or a Geodave may be able to comment.
But assuming they are comparable for the sake of argument, then 1500m equivalent value gives the ninth best drill hole ever recorded from this Table.
GH was running out of adjectives to describe this drill result, from RNS
Thrilled
remarkable
truly spectacular
exceptional
stunning
GLA
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