RE: Tiburn22 Oct 2018 18:51
And this also, thanks Tiburn
We know that HAD001 is not an isolated outcrop of gold, mineralisation does extend towards HAD003, which still had 21m at 3.78g/t gold and 0.44% copper
200m west of HADOO1 is HADOO5 first drill of this campaign and 239m of mineralisation – assume this is ore bearing and has viable g/t gold – cut off point in recent times is 0.5 g/t as long as the scale is there.
So as an absolute minimum core mineralised zone – a triangular area between drills 1, 3 and 5 is 200m x 200m by 200m = 20,000 sq m
Depth assumed to be 800m maxi so 16 million cubic metres
One Cubic metre of rock is equivalent to 2.32 metric tons per cubic metre
= 16million m3 x 2.32 = 37 million tonnes
Assuming 2g/t average = 74 million Grams (but with bonanza grades this could be a much higher average)
Gram to troy ounce conversion at 1 g = 0.03 oz = 2.2 million oz minimum
This is knowing what we know now and assuming HAD005 has hit gold – objectively this potential amount can only get bigger as more drilling is undertaken
Assuming the other nine drills position are in a radius of 180 degrees south and west of HAD001, extending out 200m or further? Greatland are systematic in their exploration, HAD006 location perhaps 100m SE of HAD005 and so on, completing this radius
If this zone from HAD001 extending out at least 200m in the direction of each successful drill is prospective then we have a substantial gold bearing system worth many multiples of current market cap.
Three weeks now to HAD005 assay resultsBPCVote