Drybread detailed topo map
The description of many placer sites is an old river course, usually in a fan shape. Drybread looks like this, it starts in the Dunstan mountains, and heads out across a flatter area, under Glassford Road. Both sides of the road are old placer or alluvial mining sites. One dotted mining site looks strongly like part of a braided river, and it points directly towards the area of the GEL placer RC drill photo.
I think GEL are looking off to the side of historic workings, rather than rework old ground for slim pickings. They only need 0.2grams/cubic metre of gold, 3 grains/cubic metre to make a small profit. Better spots will be a few grams/cubic metre, hopefully, for great cashflow. Fingers crossed.
I asked Simon Henderson if shareholders could have more detail about the mining equipment that the company now owns.
Quote:
Q. Can shareholders expect to see a list of the capacities and status of the 3 or 4 GRUs and other equipment, with scaled photos perhaps? I realise that in the end, profit obtained is all that is important, but we have no ability to estimate what the earnings might be without that data. GEL insiders will have most of that information, the market doesn’t.
Quote:
A. Yes. We're enjoying having full control over this gear and would like to make more of a story of what these plants can do, and how. Grade is one thing, and plant throughput is another. We're right now working on an update to the "placer" page on our website, I think I mentioned to you earlier that we are reluctant to talk about deposit ounces given landowner relationships, but we'd like to give as much detail as we can get away with - photos and details of the plant and our mining process included.