At that 1 point without knowing a lot about the deposit, angle of hole, structure being drilled,true width,etc. I could only assign 10 ounces of gold being there, 1 ounce per meter.
However, that intercept is good and has been most likely hit by other companies. I just grabbed a quick example from another companies drill results for comparison, see below;
6.6m 1,457.3 g/t Au /31 g/t = 47 ounces per ton
1.6m 5,850.0 g/t Au /31 g/t = 188 ounces per ton
This company may be sitting on as much as 70 million ounces gold with extreme high grades of silver there also.I beleive the top intercept came from a 600m level.The bottom intercept came from the 560m level.
And look at this one below for another example;This one came from 274m level.
1.5m 16,949.0 g/t Au /31 g/t = 546 ounces per ton
So, what do we expect? I dont know, but I like using this company for comparison of their deposit size. And I like to show that these are real results and that how its very possible to have these kind of grades in other places of the world. When we get our drill results, I will do a better comparison to the longer intercepts involved in the high grade results above and show how this company had grades of around 1 g/t average (and less) when they factored in all the minor mineralization.
Keep in mind, the above intercepts were select narrow intercepts and among the highest that company has to date. Probably the average grade of the deposit will be around 1 g/t, but don,t hold me to that because I am only going by one part of that deposit.
IMO