The Cote Gold project is a great model to use in relation to TME's drilling/assay results
Tonnage / indicated gold oz / cut off grade
269 T. at 0.88 g/T / 7.61-million ounces and an inferred resource & inferred resource of 44-million tons averaging 0.74 g/t for 1.04-million ounces / cut-off grade of 0.30 g/t of gold
Lets keep this in mind as the two TME resources are built out and reported on...........as our indicators......I believe TRR went for around $45/gold oz..........as POG moves up I am sure this will get closer to $75 -$ 100 / gold oz...as a buyout target as more players into the buy ring
TORONTO (miningweekly.com) – Canadian miner Iamgold on Wednesday said it has lifted the National Instrument 43-101-compliant indicated resource at its Côté gold project, in northern Ontario, by 114% from the previous resource estimate reported in October 2012.
The company said most of the mineral resources at the project had now been upgraded to the indicated category.
The new Côté gold resource estimate incorporated assay results from 85 additional drill holes, comprising 47 325 m since the October 4, 2012 estimate, and now entails 269-million tons grading 0.88 g/t for 7.61-million ounces and an inferred resource of 44-million tons averaging 0.74 g/t for 1.04-million ounces.
The estimate used a cut-off grade of 0.30 g/t of gold, similar to the cut-off used in the previous resource estimate.
The company said a positive attribute of the Côté gold deposit is its accessibility for openpit mining. The deposit locally outcrops at surface and, based on the drilling to date, the depth of the barren overburden averages 5.8 m.