RE: Onwards4 Feb 2022 08:30
The substantial Clay Lake gold target, which stretches from Cargalisgorran in the southwest to Derryhennet in the northeast, is over 200 hectares in area, and lies at the north eastern end of the gold trend and forms part of the 17km long gold district, covering Clontibret – Clay Lake – Glenish, on which an updated exploration target of 8.8 million ounce gold (excluding the 517,000 ounce Clontibret deposit) has been estimated.
9.3m oz gold @ $1800 per oz = $16,740m or at a conversion rate of 1.35 = £12,400,000,000