Post by
Wangotango67 on Apr 20, 2023 6:09pm
MILLIGAN = MULLIGAN ( 2022 drills )
Performed one more search -
wanted ot see if - Centerra - expanded their resource
at Milligan since 2021
Turns out... they drilled in - 2022 -
I wouldn't - write home about these results...
very weak gold
very weak copper
And at considerable depths... !
Lots of overburden... not economical - own opinion.
Have a look -
https://www.centerragold.com/cg-raw/cg/exploration_files/q4-milligan-2022.pdf
https://www.centerragold.com/cg-raw/cg/exploration_files/q1-milligan-2022.pdf
What else did i find ?
Somehow - Milligan Mine managed to - increase their reosurce
size - but how ?
Did they incorporate these 2022 - weak - drills -
into current resources ?
keep in mind - they had - 736 mil pounds copper
prior to drilling .
Let's fast forward to - 2023.
They tacked on another - 260 million pounds.
now have... 995 pounds of copper.
I can't see them using those weak grades - right ?
So deep... So weak...
Funny... how they still keep thier mine life expectancy to - 2033.
lol -
EXCERPT -
" copper mineral reserves by 260 million contained pounds (736 million to 996 million).
Link -
https://financialpost.com/globe-newswire/centerra-gold-announces-highlights-of-new-life-of-mine-plan-for-the-mount-milligan-mine-including-an-extension-of-mine-life-to-2033
That number... 260 million pounds -
looks pretty darn close to - PEMC's - historical
copper resource size.... lol
So... there you have it.
Centerra's drills - look like dusters to me,.
Yet... those drills tacked on more copper and gold.
Did they drill elsewhere... on Milligan ?
I haven't come across any other drilling.
Did they use those weak grades...
Just ot tack on the - copper pounds ?
Is it even minable - profitable at those weak grades ?
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Why doesn't Centerra.... just scoop PEMC's copper.
0.30 % grades... right ?
far higher, richer, more profitable, less tonnage to process.
This new info - is actually quite interesting.
Makes - PENC - all the more attractive.
Own opinion of course.