OTCPK:MEAOD - Post by User
Comment by
mstettleron Sep 30, 2016 1:45pm
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Post# 25295975
RE:Moroy has potential to increase mine life of Bachelor mill
RE:Moroy has potential to increase mine life of Bachelor millstocksnthings1 wrote: According to Metanor Resources’ management team,Sandstorm would be entitled to 20% of the ounces that will be produced from ore zones within a 1.5 kilometer radius from the Bachelor Lake shaft.
| Tonnage/Grade | 4 g/t | 5 g/t | 6 g/t | 8g/t |
| 2.5Mt | 321,000 | 401,000 | 482,000 | 643,000 |
| 3Mt | 386,000 | 482,000 | 579,000 | 772,000 |
| 3.5Mt | 450,000 | 563,000 | 675,000 | 900,000 |
| 4Mt | 515,000 | 643,000 | 772,000 | 1.03Moz |
| 5Mt | 643,000 | 804,000 | 965,000 | 1.29Moz |
it would make a lot of sense to just push an exploration drift from the Bachelor Lake mine towards this new Moroy zone as it will be cheaper to conduct an underground drill program rather than continuing to drill holes from surface (as the sweet spot of the IP target is located approximately 600 meters below surface).
https://www.caesarsreport.com/reports/report-metanor-resources-shifting-fifth-gear-moroy-discovery/
Funny how things come full circle. I suggested an exploration drift 7 months ago to conduct drilling from underground. However, unless they come up with some better deep intercepts it would be hard to justify the expenditure right now when barry has become the focus.