Quote from: Deprived on June 04, 2013, 10:28:16 AM

Quote from: ffcitatos on June 04, 2013, 10:15:21 AM

Quote from: Prendergast123 on June 03, 2013, 02:26:36 AM

Kenilworth Exploration has already a single hit of 107/gt Au-Gold in our one diamond drill.

Could you explain to us what "107/gt Au" means? Some general link to a relevant glossary or list of terms would be appreciated, if that's faster for you.

107/gt AU would mean 107 grams of gold per ton of ore (AU is the chemical symbol for gold).

So every ton of ore/rock mined would hold 107 grams of gold. It doesn't sound much but is well above the minimum needed for extraction to be profitable.

It is, however, only one of the TWO main figures needed to assess the profitability of a find. The other being the quantity of gold there (the size of the deposit).

The startup costs wouldn't be worth it if there was only 1 ton of ore there. If there was a million tons of it then christmas just arrived early.

There's other factors affecting the viability of a find (e.g. accessibility, ore-type) but the gold content and the quantity of gold (or ore) are the two key ones.

- Thank you Deprived, just to add to your comments.

In today's mining environment deposits with 4 g/t gold, up to 500 meters is depth and with size of few million tonnes are economical for mining. The Kenilworth drill hole showed Gold levels up to and over 100 g/t.

Thank you again,
We do believe Christmas will arrive once the next stage of development is complete. (four months time)