HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Some info on deep mine shafts and cost associated with them
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Some info on deep mine shafts and cost associated with them

posted on Oct 16, 2009 10:12AM

The cost on a 2500m mine shaft as per this presentation is 60M. We would probably have to pay a little more then this due to the swamp land we will be working in but still, very economical to mine a pencil deposit of high grade ore like we have. Thanks to the source of this info who sent it to me!

http://www.infomine.com/publications/docs/Matunhire2007.pdf

Glorieux

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