geko gold resource

The most recent Geko resource that I can find comes from 2001, and refers to a 0.5 g/t gold cut-off grade.

Measured: 2,210,000 tonnes at 1.4 g/t gold for 100,000 ounces.

Indicated: 850,000 tonnes at 1.23 g/t gold for 34,000 ounces.

Inferred: 420,000 tonnes at 0.89 g/t gold for 11,000 ounces.

Total: 3,480,000 tonnes at 1.3 g/t gold for 145,000 ounces.

(From IPT Systems, which was the old Nexus Minerals).

Additional information as follows;

The Geko Gold Deposit is situated 30 kilometres west of Coolgardie.

Gold mineralisation is present in mafic schists and ultramafic host rocks, with an upper weathered zone of saprolite and mottled laterite mineralisation.

The weathered saprolite and laterite mineralisation is overlain in turn by a mineralised palaeochannel.

The palaeochannel is the shallowest unit of the deposit and is approximately 15-20 metres below ground level.

The whole gold deposit is approximately 50 metres wide with a strike length of 500 metres.

Exploration during the year (ie. year 2001) was restricted to low-key soil sampling to the north of the Geko Gold Deposit, and database compilation of historical exploration activities around the Poolman’s Wealth Prospect to the south-east.

Feasibility studies for an open pit operation on the Geko Deposit have advanced to plant design stage. The most recent studies have examined the possible use of inexpensive direct hydraulic feed to a mill for the clay-rich weathered mineralisation.

Further feasibility studies were held in abeyance pending a change in market conditions.

Gw

Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.
(Norm Franz 2001)