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Thursday, 10/15/2020 1:26:33 PM

Thursday, October 15, 2020 1:26:33 PM

Post# of 48717
The World Gold Council on Grading
The World Gold Council defines a high-quality underground mine as having a gold ore density between 8 and 10 g/t, while a low-quality underground mine has a gold ore density of 1 to 4 g/t.

https://www.investopedia.com/ask/answers/022315/what-does-grade-gold-mine-refer.asp

Seruwila samples are around 6G/T-12G/T
Ameca data chart
https://www.amecamining.com/gold?lightbox=dataItem-k7tj31m9


Given the geology, it is believed that higher concentrations (perhaps veins) lie at a deeper level. This is the current focus of AMECA's drilling program – which will reach a depth of 200 metres.
https://www.amecamining.com/gold

Current gold price
1,903.13 +2.14+0.11%

1900 x 7G/T = 13,300 /Ton of ore


Very good for a mine that is:

Topography is ideal for mining

Land is flat and unpopulated

Less than 50km away from port city of Trincomalee – which is the second best natural harbour in the world, and 275 km from Colombo (Sri Lanka’s main port)

Proximity to India – one of the largest markets in the world for gold, graphite and rare earths and metals.

India’s demand for graphite from its steel, water filtration, and auto sectors is expected to grow rapidly

Tata Motors has invested heavily in EV technology, but will require a secure supply chain of strategic minerals to fulfill its ambitions

Mining friendly, commonwealth country with British Based Leval System

https://www.amecamining.com/serwulia


Gold is coming here. Gold was the goal here. Gold will be the pay off here.

Graphine is just a great bonus to this Jr Mining Co.

OH..and also the Paladium