No the company hasn’t put out an exploration target. Not sure of the merits in having exploration targets in the market place personally. The deposit is not that well understood yet IMO and should a parallel deposit or another deposit emerge along the shear it will change the picture overnight.
When they announced the logging of the mineralisation in hole RHD04 I found what I thought was an analogous deposit in India on which I’m basing my personal target estimate.
You can read my post here.
http://www.miningweekly.com/article...s-topacio-gold-project-2017-08-11/rep_id:3650
Based on the Champion gniess deposit in India we could expect 500koz at ~4 to 5g/t if the two deposits are really closely analogous. That’s the approx size of the main Champion gniess deposit but the shear is also host to mineralisation in satellite deposits within neighbouring mafic greenstones.
Since Lose 161 is shear related we could confidently expect more than one ore deposit to be found on the tenure and who is to tell that Lode 161 is the biggest. As a general principle the biggest lodes are normally found first because they generally have the biggest signatures/foot print but Lode 161 is basically a buried ore body with little expression in the weathered/oxide zone so far. Anything is still possible at this early stage of exploration IMO.
No point speculating on target sizes, better just knocking out the actual resource. Hopefully AOP can cookie cut another few out of the same shear. Esh
