Guskin Gold Reports on Gold Resource at Tepa Gold Field
In Guskin’s resource evaluation modelling, the effective area established was determined to be 33.8 acres which corresponds to 136,700 square meters. The average gravel thickness was 0.8m, hence the volume of the estimated gravel resource is 136,700 x 0.8 = 109,360 m3. With a weighted average grade of 0.41 g / m3, the gold contents are estimated to be 0.41 x 109,360 = 44,838 grams (or 44.84 kilograms), for a gross production value of over $2,667 million USD (assuming gold price of $1,850 USD / ounce). *