Omai Gold Mines (TSXV:OMG) - 8Moz Gold Project Advancing Rapidly [5:04-10:05]

you know in the in the vast game of open pit mining it's very decent grade. It's lower grade than our high grade zones but but it's it's it's great to have that in there rather than waste. Sorry long explanation there Matt. No I get it. No there's a lot of waste going to measure this in terms of you know what was upgraded from inferred versus nearly added or not I get it but and the other the other area where I guess you can you may see increases but I don't think it changed the assignment is the cut off grade or remained like .3 of gram right. Right yes. So what does that sell us about the economic robustness of the deposit then? Well at .3 I mean that's a fairly high cut off in this gold price environment. We looked at it we always do sense to be or our consultants we run sensitivity analyses with the gold price where it is now we probably could take that down to a point .22 you know there's a lot of thought about you know do we do that in that type of decision it might play a little bit into where we end up on the PEA on the economic study. One of the reasons to keep it at that level is when it helps our investors it's you're kind of comparing apples to apples as well and we know that oh my the we're not deposit isn't particularly sensitive to the grade even on the upper half of the grade I mean I think our graphs from our last time we we always have shown the sensitivity graphs and you can essentially double the cutoff in other words only take the higher grade material at we're not and it had something like a 10% it reduced the number of balances by 10%. So we're not you know you're in the gold zones or you're not generally right okay that's the same actually and if I look at this whole 8 million answers I mean how much what as he moves through the economic study phases you know you're going to have to work out how much is realistically mindable in the first 10 to 15 years presumably in relation to you know where the start-up starts and and whatever early mining schedule that you put together it's like can you talk about the kind of process of making those decisions on the data points which you're trying to put together to do that make that decision. Yeah I mean the amount that's mindable will depend on the engineering the design of the pit and so some of the big decisions are the pit slope you know because that's going to drive you know how deep you go how much waste you have to take to get to to incorporate all the the mineralized zones. We have you know we ran a constraining pit and so I mean just on a preliminary look there's a few areas where we've identified mineralization that will nicely fit into the pit a pit. Yeah we don't I mean the usual mind dilution is usually 15% or something you might lose but other than that I mean we're not really simple because it's one large deposit so like it's some deposits you'll see they have two or three pits that kind of have a little some pit things but this this looks like from the constraining pit that it's going to be a single large pit so we're probably won't lose a lot. Right and in terms of that kind of high grade design within they kind of lead the die corridor for example I mean can they be selectively mined at the same time or how does that work the high grade because of the question? No we've pits that's not usually practical because you kind of have to go from the top to the bottom right? Yeah no just one in terms of where you start where the where the start of actually locates first you can sometimes get it like get after the get after the higher grade stuff but okay fair fair and how much of that resource sits within these kind of wider kind of consistent zones and if you kind of do you understand the search of the oh buddy if I know you've got a 3D model that might be worth looking at that just sort of understand. Yeah yeah actually it is. Is that sweet should we do that? Let's do that. Yeah let me let me hit that and let let that go because okay yeah so so what you're looking at is from up above and when not is the big open pitiful one there and guilt creek is the sort of the blobby one because that's an intrusive that's like our cylindrical deposit that's four hundred and fifty meters away yeah so that's just summarizing the big resource so we flip underneath and now what you're looking at is the when not and again most of our drilling has been on when not and two and a half kilometers long you can kind of see like there's multiple vertical zones and even from the end is there you can see we haven't finished drilling some of those zones but you know you can kind of see them come all the way around and then and then the other one you can see there the guilt the guilt deposit has horizontal zones so yeah now we're looking at we're not from the south but the purple is all on the zones that are