OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Take Lundin’s Bonza Sur drill hole BLP-2026-553, for example, which intersected 204.26 grams per tonne (“g/t”) of gold (“Au”) over 3.05m from 140.25m, including:

• 1035.60 g/t Au over 0.60m

Naturally it’s exciting to have the kilogram per tonne resource, but:

3.05 metres at 204.26g/t = 622.99 g/t per metre (3.05 x 204.26), and for the same assay,

0.60 metres at 1035.60g/t = 621.36 g/t per metre (0.60 x 1035.60)

So the result is really a two foot long section at 1035.6 g/t plus eight feet at 0.5 g/t for ten feet overall mineralisation. Applying the same arithmetic to the other three results shows that really only the smaller numbers are relevant. So the practical results, including the down hole distances, are:

BLP-2026-553:0.60 m @1035.60 g/t from 140.25m

BLP-2026-483-D1: 50.44 g/t Au over 2.30m from 698.30m

BLP-2026-483-D2: 23.21 g/t Au over 3.20m from 715.35m

BLP-2026-475-D5: 179.0 g/t Au over 0.40m from 962.45m

which is all indicative of a veined resource, which they say is indicated, in quartz. Which is refactory.

Those are four results from 20 holes drilled, the other 16 having much lower or insignificant grades at various depths.

Next you need to look at the locations, and the angles of the drills. Two holes drilled half a metre apart in the same direction both intercepting a kilo/tonne of gold is the same as one hole, but two great results. Two holes drilled half a metre apart in the same direction with one hole reporting a kilo per tonne and the other zilch is typical of a narrow veined quartz resource. A nightmare to prove up a reserve which is necessary to get finance, but not necessarily difficult to mine as you just follow the vein until it is exhausted – depending on how deep it is. Two holes 100m apart angled to meet where the gold is may provide useful data for a mine design, but gives brilliant marketing ammo for the share brokers.

And so you build up a profile of the deposit, always looking for what they aren’t telling you.

Then you’ve got all the usual things for a mine, permitting, location and accessibility, water, energy, politics (Mali was OK ten years ago), EPA rubbish etc. etc. Oh, and time scale.

It’s not difficult, but it is time consuming, and you get better the more you do.

With this nuclear thing it shouldn’t be used for mischief but last resort. Once someone starts using them, even smaller ones other countries will be sure to follow maybe even immediately in retaliation like N Kotea. Well so and so used it so can we thing will start. That mountains thousands of feet high. Anything below and who knows how far underground they are will be shielded by rock and thousands of feet of dirt and likely air filtration no matter what happens at the surface.

I asked Chat: Back in the old days, what was the typical amount of gold per ton of the ore. I heard 1/2 to 1 ounce per ton.

Yes — ½ to 1 troy ounce of gold per ton of ore was quite realistic for many of the richer old underground gold mines, although there was a huge range.

For perspective:

• 0.5 oz/ton = about 17 grams/ton
• 1 oz/ton = about 34 grams/ton
• Some exceptionally rich veins ran several ounces per ton, and occasional pockets were extraordinarily higher.
• Lower-grade ore could be 0.1 oz/ton or less.

A very good historical example is the Idaho-Maryland Mine in California, which operated from 1866–1955. Its reported lifetime average mill-head grade was about 0.50 oz of gold per ton.

Another historical study of Virginia mines calculated grades ranging from about 0.29 to 0.58 oz/ton, with one property ranging as high as 1.55 oz/ton.

So your recollection of ½ to 1 ounce per ton is quite reasonable for high-grade historical gold ore.

And here’s the interesting part: 1 ounce per ton sounds small, but one ton of rock is an enormous amount of material. At the old official gold price of $20.67/oz, that was about $20.67 worth of gold per ton before mining and milling costs.

Great views from there!

“Gold mining Drill results”

I’m sure there are mining analysts who have written about this. Maybe even AI would help. Obviously thicker is better, higher grade is better, shallower is better. Type of rock is important, oxides are easier to treat rather than refractory ore. I like greater than 1 gram per ton for an open pit project, although some mines are successful treating lower grades than that. Stripping ratio is important for open pit mines. How much overburden do they have to remove to get to the ore? I owned a PM stock which didn’t perform well even though they had good grade for an open pit and lengthy intercepts. When I looked at it closer I noticed that the ore was deep and would be expensive to uncover. I sold the stock. Underground mining they need a better grade I like 5gr a ton a or better. There too depth is important. Deep mines are expensive but if the grade is good enough it will still happen.

I’m sure there are a zillion more factors and I have just touched upon a few.

Cheers

for the machines…….synchronize the metals  to stocks on the downside, but DO NOT ALLOW the metals to go up with the DJIA….

Today is a perfect example……DJIA up some 475 points , yet Gold could only eke out a $14 move to the upside!!

DISGUSTING!!

” pissed at us”

Yes we sure upset the apple cart! 🙂 Hopefully it doesn’t go on too much longer and cause even more damage.

It is of my belief that despite the possibility that before starting the war, the us and israel might have had a different intent, the us and israel now intentionally do want to have hormuz blockaded, at least partially, for the same reason the us deep down wants to have the ukraine war still going.

The real reason being that this enables the us to establish total control over world energy. As a byproduct of these 2 wars, us energy has effectively emerged as the most reliable in the world, as no one is gonna dare to attack us oil infraestructure. By having russian oil infraestructure actively damaged, imposing sanctions on its oil sales, raiding venezuela, blockading iran and having iran blockade hormuz and the houthis blockade the red sea in retaliation, the us has eliminated most if not all potential competition for fossil fuel energy sales from countries not geopolitically aligned with the us.

The us has managed to get europe addicted to its expensive gas and crude instead of russian oil and gas products, and has managed to get all of that energy bought in dollars, therefore allowing them to offload part of their debt through those means. There’s as well a future plan to sell lng through more direct means as there’s an enormous gas field west of gaza that israel now controls, to completely cut reliance on the old nord stream pipeline by building a new one that would go right to europe. All of those sales will be done in dollars, not rubles or euros. Having europe completely reliant on us energy effectively would allow the us to make the eu even more of a vassal than what they currently are, as they could easily use the supply of oil and lng they give to them as a weapon to blackmail them by threatening with raising prices or restricting sales if they don’t agree with the usa’s future imperial ambitions like their take over of greenland for example or like trump’s tariffs and trade war against the world.

Another point to add to this entire puzzle is that before his death, right winged pro nato warmongerer us senator lindsey graham said all of the usa’s plan deep down was to energetically isolate china by cutting away all of their oil sellers (venezuela, iran, russia) as a way to attack china unconventionally by attempting to make them reliant on us oil sales that would have to be in dollars as a way to compensate for the massive trade deficit the us has with china. All direct means the us has used to attack china have previously all failed (sanctions, tariffs), therefore leading the us to be far more unconventional with its approach.

The us would rather live in a world that’s worse for all, including the us itself, as long as they still get to be number 1 in this worse world.

Great to be back everyone. I finally got back in. I wonder if someone was posting under my handle again while I was gone? I was telling ipso that I took an amazing work trip with a close friend and we had a great time in a town called Paonia, Colorado. It’s south of Grand Junction. I’m helping prepare a site for my friend’s house. I rode the train home from Grand Junction and it was an epic trip along the Colorado River.

Eric Clapton’s Crossroads Guitar Festival to stream for free

You’ve highlighted a few companies drill results recently. My question is this:

Is there a “layman’s” way of deciphering these drill results into a more simplistic way of understanding what exactly they mean???

“Technical” jawboning and verbal ping-pong at Iran-US talks…..

And I have to think that $4300 Gold will be resoundly defended!

These are the days that stick in my craw with the dollar down some – more than it was up yesterday anyway. OTOH, the 10 yr. is up again 3 bips, now above 5.22%, so that must be the rally killer today.

Can we just say it? Any reason for pm’s to be down will be used. But I do see the SM is doing just fine.

All I ask for is a fighting chance! 🙂

Ipso – I had no idea we were the world’s largest exporter of diesel. That’s a tough deal, we start a war that damages the world’s oil markets, and then we take our diesel supplies off the world market. I can’t imagine for a minute why the rest of the world would be pissed at us.

BTW – I think when we see rates rising and the dollar falling, we’re going to know the bond market is breaking. JMHO

out for a bit

You bet! Glad you made it.

The Kobeissi Letter
@KobeissiLetter
·
55m
The last time US Treasury yields were this high, total US national debt stood at just $8.9 trillion.

Today, US debt stands at $40.1 trillion. That’s +$31.2 trillion more, or over 4.5 TIMES higher.

This means every 1 percentage point in the average cost of servicing the debt now translates to ~$401 billion per year in interest expense.

In 2007, the same 1 percentage point translated to just ~$89 billion.

That’s an additional ~$312 BILLION in annual interest expense for every percentage point increase in borrowing cost.

This is a vastly different situation than it was 19 years ago.

The bond market matters more now than ever.

gov debt chart

for the help with my log in difficulties!!

Still seem to think that the Iranians/Dems/globalists are doing everything possible to keep oil prices high, and to create as much chaos as possible to alter the present political environment.

I doubt it!

Wonder if we see that on MSM so people can see where their taxed money has home. I’m guessing they won’t.

British Intel
@TheBritishIntel
·
18h
Ukraine’s anti-corruption bureau raided ex-procurement chief Arsen Zhumadilov’s offices, seizing over $140 million in cash hidden in refrigerator boxes, one labelled “For the Servant of the People,” a jab at Zelensky’s old TV show and party.

It was in refrigerator boxes.

Demanding they want Islam be erased from Iran. Cant verify.

Trump has plenty of fuel. Z  and his cheap shots are gonna stick it to themselves not only see retribution but make more enemies around the world.

Lundin Gold Reports 204.26 g/t Au over 3.05 Metres at Bonza Sur; Quebrada Dorada Discovery Extends Gold Epithermal Trend to 8 km

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/923-tsx/lug/211776-lundin-gold-reports-204-26-g-t-au-over-3-05-metres-at-bonza-sur-quebrada-dorada-discovery-extends-gold-epithermal-trend-to-8-km.html

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2041-tsx-venture/wgo/211798-white-gold-corp-announces-filing-of-preliminary-economic-assessment-with-c-1-86-billion-after-tax-npv-41-irr-and-1-5-year-payback-period-on-the-white-gold-project-yukon-canada.html