Re: SF Show Update i am excited about ramps
in response to
by
posted on
Nov 24, 2009 01:52AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
the most important hint given by mr maher is the driving of a 1400 metre ramp(roughly 4500 feet for the older guys like me) at a cost of 5 million.......now this is a lot of drilling from suface that could be done....... so ramps are driven for a number of reasons that is to get to an ore zone, to establish a new drilling horizon(s), get a bulk sample etc........when you are on surface you spend a lot of money just drilling rock before you encounter a mineralized zone......and this is perfectly fine especially if the geology is not totally understood....but you do not get many bangs for your drilling buck...... one hole one or more intersections.....then you go onto the next hole..... i know that im making this too simple but it's the only way to understand the logic of a ramp.....by driving an exploration ramp....you spend more money up front but you are getting more bangs for your drilling buck.....i suspect the geology is probably 50 to 70% understood.....by being underneath the earths surface you can from one drilling location....drill multiple holes that is above,below and to either side of your drill horizon......above and below infills the sniffs from previous surface holes......and infills the stucture hosting the mineralization.....if the theory is that there are multiple parallel structures..... then drilling below the surface can save many $$$$$$$ especially if the mineralized structures are relatively close together (visualize a right angled triangle our surface holes are like the hypoteneuse the undergound holes are the horizontal portion of the triangle) if i wanted to save money i would prefer to drill horizontal rather than inclined holes
lots of words to say that they have more than enough information to do the first phase of a 43 101......i don't know how this is defined in 43101 terms....but it would probably say x tons all above x cutoff grade equals x ounces of gold.....but this does not mean mineable.....now they may suspect a certain portion of this tonnage as mineable but they are not 100% sure....thats why its critical for us to get below the earths crust....to confirm continuity and potential minability....by even inferring that they may drive a ramp tells me that there just may be a mine.......or mines......
this same ramp depending on where its driven will also allow the company to take a bulk sample very critical in the bankeble feasibity study...it will show management how much dilution they can expect....how stable the host rock is and the kind of recoveries they can expect after milling.....
this same ramp depending on where it is driven can also become a production ramp that permits some partial mining to generate capital while an underground mine is being developed.......
gentleman my apologies to those that already know this... but this is written for the 100's of speculators like me who don't understand the importance of this information and how management has entered a new phase.......its not just a gold finder but a company builder......sell the wife morgage the children and sink as much into this company as you can afford....i could be wrong but i don't think so......thank you for the update sanjosie