PEL 0.00% 1.7¢ pelican resources limited

$$$$$ massive gold discovery $$$$$, page-6

  1. 24,765 Posts.
    re: $ massive gold discovery/really? $ 1. The highighted 40g/tonne was only a one metre intersection. It was also at a depth of 300 metres.

    2. To get some idea of what is really good, compare that with TRY - a near surface 8m @ 35.8 g/t at their Horatio deposit. That's like 1m @ 285 g/t. Or overseas in Brazil - 3m @ 46g/t from 15m, not 300m.


    3. At 300 metres and deeper you need good grades to have any chance of being economic.
 
watchlist Created with Sketch. Add PEL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.