AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

Crunching some numbers: for each easily reached region of ore that might be available at WKP, you'd expect to find 1Moz of gold. This is based on 150mtr x180mtr x600mtr volume found/estimated so far, just over 1g/tonne average, ore being about 2tonne/cubic metre. Martha Hill has produced 10Moz, WKP is open along strike so needs to be delineated. But if I suggested it could get to 5Moz (just to do some figures) and GEL had 20% of the resource, then its Mcap once production was underway could reach 200x that, or CAD$200million. Much depends on the drilling campaign.

WKP28 drill assay awaited: the cores should be in the SGS lab at Waihi. This from the Newmont website on assays:

How are ore and waste defined?
Samples of rock from within the pit are sent to the SGS laboratory in Waihi to determine gold content.
The data generated from assaying is used to map out which areas of the mine are suitable to process as ore and which areas are waste material to be used to build the waste rock embankment.
A portion of the sample has a cyanide solution added to it. This is mixed in a ringmill, then the slurry formed is removed, placed into a vial and centrifuged. The supernatant liquid is then aspirated into an AA Spectrophotometer to determine gold content.