Nickel Creek Platinum Corp T.NCP

Alternate Symbol(s): NCPCF

Metals & Mining Industrial Metals & Minerals

Nickel Creek Platinum Corp. is a Canada-based mining exploration and development company. The Company’s principal business activity is the exploration and evaluation of nickel and platinum group metals (PGM) mineral properties in North America. The Company’s flagship asset is its 100%-owned nickel-copper PGM project, located in the Yukon Territory, Canada (Nickel Shaw Project). The Nickel Shaw project is located in the southwest of Canada's Yukon Territory, approximately 317 kilometres (km) northwest (NW) of the capital, Whitehorse. The Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska. The Company also maintains environmental baseline activities, considers optimization alternatives and seeks other opportunities.

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Nickel Creek Platinum Corp

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Post by Wangotango67on Apr 13, 2024 8:15am

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Post# 35987273

FAR EAST MORPH

2011 - 2015
resource was based on
516 ug mine holes
reassaying historicals / bores
80 above mine
70+/- west
additonal new holes

By mid 2015
329 ( m + i ) mil tonnes and 846 mil tonnes inferred
core high grade zone ( 245 mil tonnes )

high grade zone 245 mil tonnes ( bottom chart )
https://live.staticflickr.com/65535/53294034400_a645049e8f_c.jpg

2017
boundary changes
test sulphides + gabbs ( later ) yet.... these comprised 2015 resource lol
cut offs
86% resource loss
zone name changes
sold property in Ontario ( URSA )
spot prices
extraction / crystalines
recharacterize ore ( majority is now peridotite )

Sept. 7, 2017
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2017/Wellgreen-Platinum-Provides-2017-Drill-Program-Update/default.aspx

More drilling for met tests
How can these holes represent entire deposit and Jan 22 2018 met tests ?
Simple answer ?
Sulphide and Gabbs were separate earlier in 2017.

https://mma.prnewswire.com/media/553093/Wellgreen_Platinum_Ltd__Wellgreen_Platinum_Provides_2017_Drill_P.jpg

My Take ?
Original resource ( 2011 - 2015 ) included gabbs + sulphides
2017 separated these higher grade ores
recharacterize + boundary changes + dividing deposit using upper / lower
since lower mafic high grades are aside ug mine
these lower mafics are grouped with ug mine
sulphides gabbs and ( clinopyroxine = crystaline high grade aside gabbs )

I figure the lower mafics in mine, closest to mine
= 245 mil tonnes core high grade
( bottom chart )
https://live.staticflickr.com/65535/53294034400_a645049e8f_c.jpg

Late 2015 forward
Only measuring peridoties / dunites wee bit of clino
Why wee bit of clino ?

Here's a great triage visual
ores change to majority peridotite - lol
Peridotite invades / replaces high grade clino's - lol
First 2 images same zone - Far East morphs - lol

Sum ?
Sulphide + Gabbs test later
Massive clino becomes predominate peridotite
To... 3rd image most all peridotite
= extraction = poor 2023 pfs payables

Again,
what was the foundational resource from 2011 to 2015 ?
UG mine and ores around ug mine
Even extraction tests using 80% peridotite 15% gabbs 5% sulphides

Remind oneself of,
329 mil tonnes ( m + i ) includee ug mine ( 2013 assays )
245 mil tonnes high grade with the 2015 yellow pea pishell ( sulphides, gabbs, clino )
846 mil tonnes inferred

If extraction can't handle crystaline ?
= poof clino gone peridotite replaces clino ( orange color )
= 1st image morphs to 2nd image to eventually 2023 3rd image
= 2023 most all peridotite
= can extraction handle peridotites with high Mg and course grind ? lol
= silicates need the fine grind and secondary phase to capture solid solution