PEX 4.35% 12.0¢ peel mining limited

best article yet, so some gold equivalent calcs from that:"...It...

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    best article yet, so some gold equivalent calcs from that:

    "...It shouldn’t be done, but we’re going to do it anyway – on a gold equivalent basis, you’re looking at 43g/t. (40%Zn)

    Apply a possibly conservative 25% zinc equivalent grade, and the lens would be very meaningful in terms of contained metal value.

    As a very rough guide, the lens looks to be good for say 500,000t to 750,000t of mineralisation after taking in to account high-grade hits encountered in half a dozen or so nearby holes...."


    43g/t = 40%Zn  25%Zn=26.9g/t   gold = $39/g

    on 500k t and 25%Zn

    500,000x39x26.9 = $524m approx

    or if we take the 750k t and 25%Zn

    750000x39x26.9 = $786.8m approx


    just the lens not the entire 2kms, and we know that these massive sulphides both pool and flow so percentage chance is more of this is not yet discovered. 


 
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