PEL 0.00% 1.7¢ pelican resources limited

re: $ massive gold discovery/really? $ 1. The highighted...

  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.
 
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