Additional ounces for Nick Ormsby
in response to
by
posted on
May 06, 2008 06:16AM
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Hey "Nick", as much as it would be great if your question is answered, and a drill map updated on the "other properties" section of the company website, I think it's quite simple.
The lions share of additional ounces will come from the depths under the Ormsby and Bruce deposits. I think this, because the discovery shaft went down to considerable depth, and there was even more below that. So if the adjacent deposit is from the same epoch of mineralization, in the same geological formation, and TDC's drills only reach down about 300 feet (open at bottom means still hitting gold), then it stands to reason that there is more below. I believe there is tripple the amound drilled off, yet to be found below.
The Nick lake, Clan lake, and Goodwin lake each have the pottential of multiple millions of ounces, but lots of years of drilling. These would be mine life extension. As they are defined, the processing rate of the mine will be stepped up, starting at 3000 tonnes per day, then 8,000, then 15,000 tonnes per day, with gold production starting at 100,000 oz per year, stppeing up to 500,000 oz per year several years after initial production. Based on the known productino of the Giant and Con, and the proven mineralization at the 5 known YGP centres of mineralization, my personal view is that there is 20 million ounces to be unearthed over the next 30 years, in Tyhees holdings.
This is my opinion. But look carefully at the ni 43-101 report and you can see how the Discovery body relates to the top-down drilling at Ormsby and Bruce (late pages, diagrams).
The real question I have on where additional ounces will come from is how they will eventually process ore from Clan Lake and Big Sky, as these are too far from Ormsby to be trucked over for processing. I believe that 2 years from now they will have refined the targets and found enough of a resource at Big Sky to start thinking about a second mine, to process Big Sky and Clan.
Thoughts?
SKELEG