On the contrary, these have been the best results so far. 3.5 g/t over 44m. Consistency beats grade everytime. 44m is not true width, that one might be between 20 and 25m or something like that. Also hitting grade 70m downhole does not mean mineralisation starts at 70m.
The trenching results have been impressive as well. Considering the grade at TRC001 and the grades at trenching (omitting the 564 g/t result) I think Troy might have a 70m x 9m are that dig down to 10m depth may yield 14000t of ore 7-8 g/t. That would be 3000 ounces.
Mining costs for that could be 100k tonnes moved, $4 per tonne mined = $400k. Treatment would be in addition to stockpiles. If you would use 14000t at 7-8 g/t and 200000t stockpiles at 1.4 g/t you would have processing costs of $4.3m. That would be a pretty good quarter, US$4.7m in costs for 12000 ounces.
Overall that starter pit area might have a potential of 20k ounces or so. Of course I can only do a guesstimate, but it looks very promising and can certainly bridge some time needed to make progress on the main pits of OC.
TRY Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held