Part II...Open Pit...Breccia Zone... For those of you that read Part I...Part II will cover the mineralization moving to the North & South within the Open Pit Parameters that I mentioned in Part I.
Very Important: The exercise incorporates the prolific Breccia Zone to a vertical depth of 250 metres...the Newstrike Team is coming up with significant mineralization to a vertical depth of about 700 metres. The area to the North of the Breccia Zone and not included in this example contains significant mineralization that is not included in this example...it is an entire Open Pit Region in itself.
The reason I used the Breccia Zone and the surrounding halo, is that it is that much more defined and advanced in the delineation process and provides much more factual information to study and analyze. As the drilling programs continue we have something to build into our initial Open Pit Model.
Northern Block: Moving away from the Breccia Zone to the North and within the Open Pit Parameters that I used...additional block 250 m (length) X 250 m (width) X 250 m (depth).
Total: 15, 625,000 cubic metres.
We must subtract the 16 benches on the Northern end of the Open Pit...benches gives us access to the mineralization accordingly as the deposit is mined to depth.
Each bench must be left behind...it cannot be mined and therefore must be subtracted.
Each bench is 250 m (length) X 15 m (width) X 15 m (depth) = 56,250 cubic metres. Each time we move down we must add the benches accordingly...1 + 2 + 3 + 4 + 5...and so on..we are moving closer in with each bench and more and more material is being left behind as we do so...for example at the fifth bench we have left behind 5 X 56,250 cu. metres. of material at that particular level....at the second bench...2 X 56,250 cu. metres.
Mineable Tonnage: 8,250,002 cubic metres.
Convert to Tonnes using rock density of 2.50 tonnes per cubic metre...8,250,002 X 2.50
Total Tonnage: 20,625,005 tonnes.
The Southern Block is identical, therefore we must multiply by two.
20,625,005 X 2 = 41,250,010 Tonnes.
Unfortunately, we do not have significant drilling and assay results moving North & South from the Breccia Zone...I have to speculate and estimate using the available data...I am going to use 1 g/t.
41,250,010 tonnes X 1 g/t = 41,250,010 grams divided by 31 g (troy ounce)
Total Ounces: 1,330,645
Therefore the total ounces adding in the Breccia Zone is 1,330,645 + 2,238,154
Total Ounces: 3,598,790
Average Grade: 41,250,010 T + 23,437,500 T = 64,687,510 tonnes
3,598,790 oz. X 31g (troy ounce) = 111,562,490 grams.
111,562,490 grams divided by 64,687,510 T
Average Grade: 1.72 g/t
Very Important: The calculations do not include the benches and contained material to the East & West....there has not been sufficient drilling to date to support any further analysis at this time. It appears that to the West mineralization is scarce...However, as mentioned the potential to the East is promising...we received confirmation today....this will add to the ounce count.
There is a lot of work left to do...I hope that this exercise does help when it comes to the interpretation of the data released to date.
Digger144