Re: crunching some numbers
in response to
by
posted on
Jan 28, 2011 05:27PM
Edit this title from the Fast Facts Section
1/6th of the way Propertymad ... and watch how fast it grows.
The 2010 powerpoint oriented the Jaburi block in relation to Rio Madeira blocks.
Rio Madeira has two mining concessions.
Rio Madeira quantified ... "869,432 tonnes of mineralization with an average grade of 52% manganese taken from an aggregate area of approximately 130 ha".
It figures to a true mineralization depth of about 0.7 mtrs by my calculation ... across the board as an average.
The company had its geotechs walk Jaburi over an 8 day stretch ... "It has also carried out additional pitting on its Jaburi property and over 8 days completed an additional 46 pits. These pits expanded the area of known mineralization on Jaburi 1 from approximately 10,000 square meters to 154,000 square meters with the area still being open to possible extension of mineralization in all directions."
If you use the 0.7mtr true thickness parameter ... it gives you about 108,000 m3 of ore ... at 4.5 SG ... that's 485,000 tonnes by my calculation.
Going back to the 2010 powerpoint orientation of Jaburi ... it can be clearly understood that the resource will grow significantly and in rather short order as evidenced by the 8 day excursion.
The company has shifted focus from Jaburi onto the Madeira and Techno tenure ... clearly there is a mineralization pattern developing in that area ... and Jaburi works have helped in the understanding of it.
Applying the same methodology to further expand resource on the Madeira tenure ... possibly extending well into the Techno blocks which are adjacent ... adding 500,000 tonnes in replicate success 8 day jaunts ... and you can see 5 million tonnes real quick-like.
As little as a month to a few months and the inferred resource could grow well past 5 million tonnes ... that's the nature of defining a surface high grade mineralization that is in concentrated cobble and duricrust formations.
Not to mention ... my geophysic interpretation that supports the whole area code theory.
Hey Propertymad ... Dianor guys want to know if you're really from Ireland ... or Canada ... lol.