Re: Bulk sample... my thoughts
in response to
by
posted on
Mar 05, 2008 05:58PM
(Edit this message through the "fast facts" section)
I was told that they planted 27 diamonds in the sample..... the tracers if you will... and that all 27 were recovered... I got this 3rd hand so you will have to ask Bob or Allan if this is fact.
The reason to drill more holes would only be worthwhile to test the lower sills ... the more holes and caustic disolved kimbie the better the data.
The top sill data is in the bulk sample..... No use drilling more holes and caustic on that material as we already have 1200 tones of it..... They can walk over and pick up as much as they want out of the pile..... but why....
They already know there are diamonds in it....
they already know there are macros
What they don't know is it has an economical grade or value....
Therefore: Complete the bulk sample.... in fact send it all in!
If they can't get the info required out of the 1200 tones on the ground, then Mud Lake top sill is a write off.... Most cost effective way to resolve this is to complete the top layer sample. Then they will know what the top layer is only.
The lower 2 sills should be drilled off if they figure they have sufficent volume on their own as a minable deposit , if the top sill is a wash..... if they are too small then they are better off to keep up the hunt for more kimberlite structures... JMHO
This is one heck of a setback... Time for clear rational thought on most efficent way to proceed given the time, effort, and money spent so far. Doing caustic work on the top sill is redundent when you have a bulk sample sitting there.
As I said I would try to arange processing of the whole lot of kimbie extracted so far.. all 1200 tones... This will yield a more acurate value of ct/ tone and resolve the issue very quickly.
Maybe DeBeers will do the whole lot and process it as well... I would ask them first.
Lets say they abandon the upper sill..... This sounds like what they are proposing now.... Is there enough mass in these 2 sills to warrant a mine? A bulk sample from the lower sill will be very expensive.... the hole for the top sill is huge... who's to say it's in the right spot to continue... and water was a problem with it.... thus additional delays.
I would drill some holes with the intent on defining diamond states in the lower sills with at least a couple tones of cores before they propose another bulk sample.....
They need to put this bulk sample to rest first.
Thats the way I see it.. As I said I'm out right now untill I see a definative plan that makes sence... and with a lot more detail to back up what they are doing.... Now wonder there were no drill plans and cross sections on the website... would have provided investors the means to scrutinize their work.
Hope this puts a positive spin on what the options are..... This may not be as bad as it looks, if there is coarse distribution of large diamonds which is what I think DeBeers may have been optomistic about.
I await a plan that is professional and complete to address the issues.