A preliminary resource calculation for Acadian Gold (ADA-V) on the Beaver Dam gold deposit in central Nova Scotia puts the measured and indicated resource there at 1.3 million tonnes grading 2.3 grams gold per tonne, and the inferred resource at 3.8 million tonnes grading 2.7 grams per tonne.
After cutting of high grades back to 10 grams gold per tonne, the grade of the measured and indicated resource falls to 2.2 grams per tonne and that of the inferred resource to 2.1 grams per tonne. The estimates were based on a cutoff grade of 0.3 grams per tonne above the 930-metre level (about 200 metres below surface) and 1 gram per tonne below that level. A minimum width of 3 metres was used to select resource blocks.
The calculation, by consulting firm Mercator Geological Services, was based on underground sampling and 238 drill holes on the property by previous operators since 1977.
Be the first to comment on "Acadian posts resource at Beaver Dam (November 16, 2004)"