1. Most Discussed
  2. Gainers & Losers
BGS 33.0¢

BGS discovers major Mali gold camp -Viper

  1. sydneysider

    3,363 Posts.
    WARNING: these comments are very speculative, do your own research
    The DD hole at Viper has been “successfully” completed at a depth of 220m (down-hole) probably equates to a vertical depth of 150m or thereabouts. BGS is reporting that they are currently logging and sampling the core. THAT MEANS THEY HAVE “SUCCESFULLY” INTERSECTED THE VIPER STRUCTURE AT A DEPTH OF AROUND 150m.
    IF there was nothing there they would not be bothering to report on the Viper DD in this way
    My previous very speculative comments about Viper
    “Drilling at Viper has outlined a gold trend that is 1,200m long, at least 25-50m wide???, and has a depth of 50m (and remains open) for a conceptual tonnage of 3.75 - 7.5M tonnes. IF the system extends to 150M we triple the conceptual tonnage to 11.25M - 22.5M. At a conceptual gold grade of 1 - 2 g/t au we get 362,000 - 725,000 ounces of gold.” At 50m metres depth Viper has similar gold production potential to Ntiola at 150m in depth. So this adds an additional 3 years to gold production profile. IF economic gold confirmed at 150m (as it was at Ntiola) then we get a 9-10 mine life at a rate of 90,000 ounces per year.
    My feeling is that the BGS DD intersection is on the order of 25-50m of altered zone that is the host rock for gold mineralisation at Viper. IMHO we are now drilling on a major gold system at depth. Viper has a near surface expression that is 3 times larger than Ntiola (400,000 ounces of gold??)
    Conceptual potential across Viper and Ntiola is of the order of 1.6M ounces of gold to a depth of 150m.
    Please note that these are very speculative estimates BUT they are ONLY indicative of the potential of the two prospects if the identified tonnage that is present carries around 2 g/t au (needs to be "proved" by the drill bit with ongoing drill programs).
    What has been established so far (1) host rock tonnage is present (2) Morila is next door and was a 7Moz gold monster and Ntiola gold trend runs directly from Morila to BGS / Massigui claim blocks (3) we are on one of the world's most prolific gold belts with very low production costs and supportive government (4) current drilling is identifying high grade gold values within stacked zones that are near surface / on surface, continuous AND IMHO will continue to grow from upcoming drill programs.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.