100% ore! Avg 40g/t Au 1km x 200m to EOH all holes, OP mining 2019, page-45

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Midnight26

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09/10/18

11:51

Post #: 36048959
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Originally posted by fmx_rider ↑

RE:

“ 1 they will mine the highest grade patches first;”

How can they determine with accuracy the highest grade patches based on single fences of drill holes 100m apart? They need more drilling followed by 3D resource estimate of the grade distribution. That is after they finalise the assay method.

RE:

“ 1 optimisation of the extraction process will see a big increase in reported grades.”

Sure they have stated their results are partial extractions. But there is no certainty on how much they will upgrade, it could be big, moderate or small. Maybe the average extraction is already at 90% extraction and the variability in 5kg samples from 1.6g/t to over 100g/t is reflecting true grade variation? Who knows at this point. (44g/t would still be an exceptional orebody....).

Also need to remember the known sample bias/recovery issue in the saprolite/saprock which would bias current results high or low depending on what fraction has been lost.

RE:

“Also, when was a gold grade distribution ever homogeneous? You've proven your ignorance there”

That was exactly my point. I was questioning your 2Oz assumptions because gold is never homogenous, therefore again how can they currently determine the highest grade areas without further drilling/expenditure and not much money in the bank? I’m wasn’t saying they can’t find 2oz dirt, but that they need to spent money to define it accurately. $= CR.

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Wrong.
Wrong.
Wrong.

"Key work is to develop in house and/or at a commercial lab a reliable analytical method for this complex style of mineralisation and recommence diamond drilling over the hydrothermally altered dolerite."

BBX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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100% ore! Avg 40g/t Au 1km x 200m to EOH all holes, OP mining 2019, page-45

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