Re: Will we Forgive??
in response to
by
posted on
Oct 29, 2011 09:39PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Just to add a couple things to my previous post( I was in a hurry and threw it on the board not completed).
We have a road going right to the Plateau, so if a mill were to be placed right on the property or km,s away, the existing road would do preliminary for getting the first mining equipment in, not like Galore Creek, where everything was Helicoptered in (an expensive and less efficient cost). Also like BAH said here, some of the remote areas he drills in, are helicopter accessed for the rigs. When you start looking at that remoteness, it could add years just getting to the resource. With us, its not that remote, in a sense that you can drive to it and power is ~10 km away( assuming that power can be taken from the same grid as Dynacors).
Pay back time for the miner.
We are presently doing(or done) a large scale, complete proving trenching program. Once complete, you cant prove the surface above the anomaly anymore than that. This trenching will enable us to prove the surface gold disemination, the extent of the gold halo,s Lori speaks of, and the grade of the host rock (diorite, granodiorite)that the gold bearing veins run through. When we get the trenching results, it will enable us to assign an average surface grade ABOVE the anomaly. If that average grade is .20 g/t or greater, we will be happy, because then that will mean, that the ground that would have to be removed to get to the anomaly, is economical! If this is economical, it will mean that the miner that gets it will have revenue from day 1 of mining. A very important thing when you compare it to shaft mining, when a lot of waste rock has to be removed to get at the resource.
As mentioned before, we tested 2 areas of host rock that had grades ~ 1 g/t. One of these areas was over the small red bleb of the anomaly around the A-4 vein.If that whole anomaly is mineralized to the extent of .25 g/t in the host rock, the miner will have no waste. Remember the chart Nowwhat posted here a week or so ago? The one having the average grade of some of the biggest gold deposits. Remember the average of those being around .6 g/t?
What I am trying to say, is that we don,t need much in the lines of trenching results, to put us to the level where a big miner could set up to mine this pretty reasonable. I don,t beleive it will be worth our time to do a PEA on this project, leave that up to the aquisitor. All we need to do is prove up some numbers, and if they are no-brainer numbers, then the offer/s will come.
IMO