SVY 0.00% 3.0¢ stavely minerals limited

Crimsoncarp - just calling it the way I see it. To help put a...

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    Crimsoncarp - just calling it the way I see it.

    To help put a bit of context around depth, size and grades, I thought it may be useful to share the below snippet on Ridgeway.

    Now I am no expert and please correct me if I am wrong, but subject to size and depth of the orebody (assuming it is there), I think an average grade of 1% Cu and 1 g/t Au would qualify as a major discovery.

    “The large porphyry system at Cadia Valley Operations contains a number of deposit styles and structural settings including one of the world’s highest grade gold-rich porphyry’s at Ridgeway.

    The Ridgeway ore body, which has no surface presence, lies around half a kilometre below the surface and resembles an inverted teardrop measuring around 450m by 250m and extending over 850m in depth.

    As of June 2010, the total reserves including those in the Ridgeway Deeps, were 101mt at 1.8g/t Au and, 0.38% Cu for 2.6Moz Au and 380kt Cu and the total resources were estimated at 155Mt graded at 0.73g/t Au, 0.38% Cu for 3.6Moz Au and 580kt Cu.”
 
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