GREY:LVNNF - Post by User
Comment by
OnDaBallon Sep 19, 2013 12:32pm
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Post# 21751849
RE:RE:Drilling soon?
RE:RE:Drilling soon?They did indeed drill around the claim boundaries but, technically into the Aida claim. The silver deposits have good depth/heighth up to the boundary and seem to be increasing in size (source: slides from their presentation).).
The Phase 4 drilling project is to drill 8 holes on the Aida claim and confirm the deposits on the claim. They are fairly certain that the grade of ore and the size of the deposits will be at least as good but probably better than the deposits leading into the property on a number of the boundaries. I imagine that the drilling will begin shortly because all the equipment (state-of-the art equipment) is ready to go now.
Open pit mining, the less expensive kind versus digging the mine along a known silver vein, means they have to remove more ground and put it somewhere as opposed to the mine shafts. It leaves a big eye-sore where the pit is, and you are removing far more earth so the return per kg of earth is lower than following the vein...makes sense, really. The big advantage for the open pit workers is no/very little risk of cave-ins!!