So I'm bored enough to crunch some numbers, not that I need to....

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Midnight26

4,791 Posts.

385

06/06/17

23:36

Post #: 25136799
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Originally posted by rememdium ↑

FUUUUUUUUUUUUUUUUUUU....

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Originally posted by stoodstill ↑

The Alleged Drakeman

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Originally posted by Midnight26 ↑

From a previous ANN:

"Geological mapping outlined a 1.6 km by 0.8 km mafic body intruded into the rhyolite sequence, associated with three areas of old artisanal gold workings. The Daniel and Cutia workings are located on the mafic/rhyolite contact and the Adelar workings within the mafic body."

From this ANN: "A 260kg surface sample of unweathered mineralised gabbro, collected from an area of approximately 110m x 200m"

For the non-geological people, gabbro is a mafic rock. To spell it out (why do I keep doing this), the mineralised rock they took the bulk sample from that went 6 ounces per tonne gold equivalent or 180g/t (adding in Pt-Pd-Ag-REE credits) is 1.6km by 0.8km in size and these orebodies have a very large depth component. It's fresh rock so there's no supergene enrichment. 1 cubic metre of fresh gabbro = 2.86 tonnes.

I don't want to crunch numbers because even if I use 1oz Au the numbers will blow my mind.

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So I'm bored enough to crunch some numbers, not that I need to.

Assumptions: see my post in the quote above. Seems legit.
The assumptions in my calcs below are conservative (see notes on RHS of individual items).

The important assumptions are avg grade 1oz AuEq (instead of 6oz (180g/t) AuEq) and proportion of gabbro body that is mineralised: a tiny, very conservative 2%.......

Brace yourself....

BBX Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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