Ruddock Grade is avg 15% Zn+PbHere's what the Imperial Metals Ruddock deposit looks like.
Imperial Metals took over Selkirk Metals in 2010. They are in the process to proving the zinc lead deposit at Ruddock Creek as explained on their web site. Previous work going back 50 years included Falconbridge, Cominco, and others, has involved numbers of geologists, (such as Chapman and Miller-Tait and others) who have reported that there is an estimated 3 million tons of ore and possibly in excess of twice that with what looks to be an average grade of around 15% zinc and lead ($300/ton). The gross value of this ore body at Ruddock looks to be around $1.5 billion. Imperial Metals has announced that it is going to report what they have at Ruddock in the next few months. (joint ventured with Mitsui and Itochu)
possible Ruddock Operations:
Assuming a sizeable 2200 ton a day operation based on a minimum 7 year mine life, this would generate about $230 million per year in revenue. It would employ well over 150 people with good paying jobs and the taxes this would generate to BC could be very significant. There may be quite a bit more than 5.5 million tons of ore to discover and prove up from the surrounding area.
Now, if Jasper has some drilling results that confirm that the same ore exists adjacent to the e-zone from the holes drilled in September this year, this may have an impact on the size of the ore bodies and the possible cost of design, development, and the method of extraction as well. This may be important when applying for permits to BC and Ottawa for approvals and the engineering of how they plan to get the ore out as inexpensively as possible given its proximity to Tum Tum Lake.
With Jasper shares currently sitting at
.15 to $.20 range (73 million shares), any proof of adjacent discovery to Ruddock should have a very significant and serious implications for Imperial Metals and their partners approach to the economics of the project and give Mr. Dixon a front row seat at the negotiating table. This could have a very substantial impact on the Jasper stock price any way you look at it.
Lets rock.