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Gold Prospecting
Hard Rock Gold Prospecting
Small scale mine make money?
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<blockquote data-quote="user 4386" data-source="post: 539030" data-attributes="member: 4386"><p>One way to look at it is that you would have to crush a tonne of rock and separate the gold to get your gold to sell. If the average was 21 g/t you would have trouble making a lot of profit (but might make some profit) using cheap processing equipment and putting through only a few tonnes a month. At 3 g/t you would need millions of dollars of investment and seven times the tonnes to produce the same amount of gold. An average of 8 samples is unlikely to give an accurate average (even though you do have fairly good grade) - in fact it would be almost a meaningless estimate inn terms of accuracy for central Victorian veins. And more to the point, how many tonnes of ore do you have? For a yield of 100 ounces you would have to crush and separate from around 130 tonnes of rock, which is quite a volume if mining a narrow vein.</p></blockquote><p></p>
[QUOTE="user 4386, post: 539030, member: 4386"] One way to look at it is that you would have to crush a tonne of rock and separate the gold to get your gold to sell. If the average was 21 g/t you would have trouble making a lot of profit (but might make some profit) using cheap processing equipment and putting through only a few tonnes a month. At 3 g/t you would need millions of dollars of investment and seven times the tonnes to produce the same amount of gold. An average of 8 samples is unlikely to give an accurate average (even though you do have fairly good grade) - in fact it would be almost a meaningless estimate inn terms of accuracy for central Victorian veins. And more to the point, how many tonnes of ore do you have? For a yield of 100 ounces you would have to crush and separate from around 130 tonnes of rock, which is quite a volume if mining a narrow vein. [/QUOTE]
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Gold Prospecting
Hard Rock Gold Prospecting
Small scale mine make money?
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