SEQ OF EVENTSPEA - February 02 2015 https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2015/Wellgreen-Platinum-Announces-Positive-Preliminary-Economic-Assessment-Update-on-its-Wellgreen-PGM-Nickel-Project/default.aspx
So far all is good....
Great PEA
- After-Tax NPV7.5% of CAD$1.2 Billion 25 yr mine life The Mineral Resource Estimate
was derived from 776 drill holes totaling 69,898 metres
which have tested approximately 2.5 kilometres One must keep this importance at the forefront. The Wellgreen project is envisioned as a conventional open pit operation,
with some selective higher grade underground mining. Gabbro - 11%
Clinopyroentie - 88%
Peridotite - 10%
https://live.staticflickr.com/65535/53255723282_357390e13d_c.jpg May 28, 2015 The budget for the Phase 1 drill program and the other evaluation work
that is underway is approximately $4.2 million The drill program is designed to advance the Wellgreen project towards a Pre-Feasibility Study (PFS) level and initial drilling will focus on the highest priority in-fill and offset drilling within the 2015 December 21 2015 More drilling after ... PEA. Wellgreen Platinum drilled 2,867 metres of diamond drill core
and 3,528 metres of RC chip samples for a total of 6,395 metres. This
press release on website does not show the intercept charts.
Newswire does provide the intercept charts. Superb image shows far west to far east.
https://www.newswire.ca/news-releases/wellgreen-platinum-announces-results-from-drilling-at-the-wellgreen-pgm-nickel-project-563157621.html February 23, 2016 Utilizing diamond core and reverse circulation drill rigs, 5,169 metres
were drilled over the Q4 Program, for a total of 9,005 metres completed in 2015. Drill meters
increased... interesting.
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2016/Wellgreen-Platinum-Announces-Completion-of-Q4-2015-Drilling-Program-at-Wellgreen-PGM-Nickel-Project/default.aspx April 22, 2016 pleased to announce the results of its 2015 fall and winter exploration drilling and field work programs at the Wellgreen PGM-Nickel project, located in Canada's Yukon Territory. Utilizing both diamond core and reverse circulation ("RC") drill rigs, Wellgreen Platinum drilled 4,078 metres of diamond drill core and 1,091 metres of RC chip samples for a total of
5,169 metres in 25 holes.
The results from this program, along with those from previous drill programs conducted in the fall/winter of 2014 and summer of 2015, will be incorporated into an updated geological deposit model that is intended to form the basis of a potential future Pre-Feasibility Study. In parallel, the Company will continue metallurgical and process engineering studies, as well as environmental baseline, assessment and mitigation studies. https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2016/Wellgreen-Platinum-Announces-2015-Drill-Results-at-the-Wellgreen-PGM-Nickel-Project/default.aspx Side Note - Since 2015 drill program results came out on Dec 21 2015
I decided to compare drill hole identificantion numbers with April 2016.
( enduring 2015 Dec results were not repeating in April 2016 ).
All different holes. Lot's more holes.
Simply compare each press release = charts and maps.
How could there be more drill holes ? Read the green highlighted caption above =
other drill hole data was included. Also..... All that Fall 2015 meterage and summer 2015 metersge
and 2014 previous year meterage =
would this not increase resource size ?
Hello.
2016 - Board changes / restructuring
- New Prez
- Electrum comes on board
Sept 13 2016 The Company is in the process of updating its geologic model with the 2015-2016 drilling program data. This will be integral to the mine planning phase which will be initiated early in 2017. In parallel to this work, the Company is conducting the necessary environmental baseline studies required for the project and permitting. During the fourth quarter of 2015 and extending into the first quarter of 2016, the
Company's drill program targeted representative samples of the Wellgreen deposit Uhmmm - didn't those 2 drill campaign
drill across all zones ?
Yes.... yes they did.
= Far west to Far east.
= phase one met tests ( read on ) would have all ore geologies.
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2016/Wellgreen-Platinum-Provides-Wellgreen-Project-and-Corporate-Update/default.aspx 2017 - This is where it gets even more interesting. March 1, 2017, Wellgreen Platinum Ltd. is pleased to report the results of its previously announced
Phase 1 Metallurgical Testwork Program (the Phase 1 "Metallurgical Program").
The testing and mineralogy was performed by XPS Consulting & Testwork Services
of Falconbridge, Ontario. The objectives of the Phase 1 Metallurgical Program were (i) to refine and demonstrate recovery of payable metals following from work reported in the 2015 Preliminary Economic Assessment (2015 "PEA") see press release dated February 2, 2015; and (ii) to produce a marketable bulk Ni-Cu-PGM concentrate, including guidance regarding the possibility of producing separate Nickel and Copper concentrates.
Testing has focused upon the geometallurgical domains which comprise the predominance of the resource. This area was categorized into two geometallurgical domains in the 2015 PEA: (i) Clinopyroxenite / Pyroxenite and (ii) Peridotite.
The recently completed testwork has demonstrated that the geometallurgical domains are, and as such they will be referred to as: (i) Peridotite, which makes up the largest part of the resource, and (ii) Clinopyroxenite, which makes up a smaller part of the resource. Notate - 2015 PEA determined
only 10 % was peridotite.
Phase 1 used 2015/2016 drill core ores across all zones.
Con't The Company is very pleased to announce that the Phase 1 Metallurgical Program has succeeded in achieving all its objectives, including production of a quality, marketable
bulk Ni-Cu-PGM concentrate at 11.9% Ni-Cu grade for the Peridotite domain and
at 14.3% Ni-Cu grade for the Clinopyroxenite domain, in comparison to
10% Ni-Cu grade reported in the 2015 PEA1. Question - If 2015 created a bulk concentrate with NVP of
$1.2 billion And if phase one also created a better recovery bulk concentrate
why wasn't the better bulk concentrated used in 2023 PFS ? = If it were the 2023 PFS would be just as good as 2015 if not better.
Also....they had no problem in phase 1 bulk con =
Peridotite. lol
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2016/Wellgreen-Platinum-Provides-Wellgreen-Project-and-Corporate-Update/default.aspx Sept 07 2017 Two types of infill programs. - infill/metallurgical program projects seven holes or 1,950 metres After core retrieval, one half of the core will be shipped to Sudbury, Ontario for metallurgical testing and the remaining half will be split in two – with one quarter of the core to be sampled and analyzed for metal content. - infill portion of the program consists of seven holes and 1,650 meters The infill holes are being sampled like the infill/metallurgical holes in order to provide supplemental metallurgical samples. Here are the drill holes used for....Met tests.
New holes more meterage.
Issue ? 13 drill holes on map 3 infill are inside wellgreen
3 infill met are inside wellgreen
= less than 50% are ( inside ) wellgreen zone all other holes are ouside wellgreen.
What were the phase 2 MET tests based on = 2023 PFS ? = Wellgreen zone.
= Shouldn't be across all zones just inside Wellgreen.
Anything else ? Only 50% of the meterage was used on each hole.
50% whole core sent to MET studies 50% remainder kept with 1/4 assaying.
= only 1/2 represenative samples ( upper strata, lower strata ???? )
= just the silicates ? ( tease )
= 2023 PFS = half the core legnths + majority core ores outside wellgreen
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2017/Wellgreen-Platinum-Provides-2017-Drill-Program-Update/default.aspx 
How can one know for certain only 6 of the 13 holes fell in
the wellgreen boundary ?
This image shows wellgreen boundary.
Rest of story ...? focus on 2 concentrates
8 more infill drill holes - assays ?
3 bore holes - assays ?
No exotics
No iron
No magnesium
Co2 Seq, ruins Mg credit
Practical entitlement phase 2 MET
poor recoveries = metal payables prove this
Why not... use phase one bulk concentrates MER results ?
whereas, they had no difficulty with - peridotites.
Versus....
phase 2 a sudden issue with peridotites ?
What do other shareholders think ?
Should the bulk concentrate be used in, PFS ?
2015 PFS = $1.2 billion after tax
Would not 2023 be all the more value $$$$ with bulk concentrate
were used ?
The answer would be found by comparing $38 bulk con of 2015
Versus
2023 bulk Ni/Cu con
Versus
2023 separate Ni con - Cu con
2023 PFS
metal payables tells the whole story.
This image reveals the strata domains.
Step or drill outside these geological lenses = easily hit silicates.
Right ?
