Yes Hilly... ohhh yes. Eventually Greater Pacific Gold Ltd re-assessed the previous data and in 2000 completed a successful drilling program allowing the declaration of a JORC standard Indicated Mineral Resource:
OXIDISED 20,638,000 tonnes @ 0.49% V2O5 and 06.62% TiO2 UNOXIDISED 17,021,000 tonnes @ 1.05% V2O5 and 12.25% TiO2
TOTAL 37,659,000 MT @ 0.75% V2O5 and 8.89% TiO2
It must be noted that the above Resource was measured across 8 km of the 12.2 km strike length and drilled to a vertical depth of 50 metres. A full evaluation of mineralisation across the entire width of the leases and drilling to a depth of 150 metres has the potential to increase the resource tonnage by more than a factor of 3. Compared to other Australian vanadium deposits Gabanintha, at present, contains the second highest grade of 0.75% V2O5.
Luv it Hilly... hope it stays in suspension till ann. Well see!
GPN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held