![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, October 15, 2020 1:26:33 PM
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
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM