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12/10/18
22:14
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Originally posted by Midnight26
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Ha! Are you serious? Time for some maths...
What Wits 2.0 got? You can't even drill test to measure the grade and the continuity, but the sampling to date suggests about 1m @ ~15g/t with unknown continuity.
Our first 4 holes with some decent sampling are going 44m@54g/t, 24m@45g/t, 22m@28g/t, 26m@15g/t, all mineralised to EOH.
How many wafer thin tonnes has the Wits 2.0 deposit got in a square kilometre? 1000m x 1000m x 1m x 2.5(SG) = 2.5M tonnes.Of course the stripping ratio will stop you mining ~80% of that, but let's ignore that.
There's every chance that the BBX deposits extend to kilometres in depth but let's be conservative and limit it to 500m (a good open-pittable depth): 1000m x 1000m x 500m x 3.0(SG) = 1.5 billion tonnes.
Wits 2.0 avg grade might be ~15g/t . BBX's avg grade at Tres Estados is ~40g/t with plenty of upside.
So in that sqare km Wits 2.0 has 2.5Mt x 15g/t = 1,250,000oz
BBX has 1.5Bt x 40g/t = 1,930,000,000oz. Almost 2 billion ounces in just 1 square kilometre limited to 500m deep.
Good luck mate. You're gonna need it.
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sounds pretty good, one square kilometre of ground containing more gold than the entire past production of the Witwatersrand which itself has produced 50% of all gold ever mined. Am I missing something?