RE: New Resource Estimate19 Dec 2019 12:57
correction down to 600m depth
Lets suppose this
400mx400m prime resource target down to 800m at 2g per ton gold average
so 400x400m = 160,000m2 surface area
160,000 x 600m depth = 96,000,000m3 (lets assume 1 ton per m3 but rock its much more!)
96,000,000 m3 ore x 2gms per m3 = 192,000,000 grams gold
192,000,000 divided by 31 grams = 6.1 million ounces total but apply a cut off say 50% = 3 million ounces.
You can halve that 3 million ounces if the average grade is half or double it if more whatever