I like this5 Mar 2011 15:31
Taken from the website below. I honestly think this could have the potential to be a multimillion ounce gold resource here at delijovan. And with excellent grades. Time will tell. But nice to see on the website Minimum 500,000 ounces gold. initial 100,000 ounce inferred for production. It just shows that those who were here on this board a few weeks ago deramping had jumped the gun so to speak. Further exploration work will be interesting to see the potential of the full resource base. Good long term prospect.
Orogen’s exploration objective for Deli Jovan is to demonstrate the potential for a minimum 500,000 ounce gold resource, with scope for **substantial additional resources**. Orogen will target a maiden inferred resource of 100,000 ounces of gold which would support an initial two to three years of production at an annualised rate of 30,000 to 40,000 ounces of gold. Subsequent drilling and sampling will be aimed at further extending the resource base to support a continuing mining operation. This will be achieved through re-opening and detailed mapping and sampling of the old mine workings and diamond drilling to confirm and extend the Rusman and Ginduša deposits. There is also the potential for undiscovered “blind” lodes rich in gold. It is probable that the old miners needed an average grade of close to 30g/t gold given the crude underground mining methods and the relatively low gold recovery from the old processing plant.