Using the same model as the 43-101 report, a gold price of $2,300 per oz., and cut-off of 0.7 g/t, the inferred resource contains 2.7 million oz. of gold. The total tonnage is 94.6 million tonnes averaging 0.91 g/t gold.
The mineralization is contained in three zones. The Moriss zone is 609,147 tonnes grading 2.46 g/t gold. The GP zone is 24.1 million tonnes grading 0.85 g/t gold. The Hendrick zone is 69.9 million tonnes at 0.89 g/t gold.
Fokus further said that the study did not assess the potential for an open pit model. Thirty-five additional holes have been drilled in the westernmost part of the property with what the company calls “interesting results.”
“When we decided to option and subsequently acquire the Galloway project, we were convinced that the western part of the property alone contained several million ounces of gold,” CEO Jean Rainville said in a news release. “The question was how many of those ounces…
