Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Westhaven Gold Corp V.WHN

Alternate Symbol(s):  WTHVF

Westhaven Gold Corp. is a Canada-based gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada's newest gold district, the Spences Bridge Gold Belt. The Company controls approximately 60,950 hectares with four gold properties spread along this underexplored belt. Its projects include Shovelnose Gold, Prospect Valley Gold, Skoonka Creek Gold and Skoonka North. The Shovelnose gold property consists of approximately 45 contiguous mineral claims encompassing 41,623 hectares (ha). The Prospect Valley (PV) Gold Property is located roughly 30 kilometers to the west of Merritt, British Columbia and is situated in the Spences Bridge Gold Belt (SBGB) and covers approximately 10,927 ha. The Company owns a 100% interest in the Skoonka Creek project, which is situated near the northern end of the SBGB. The Skoonka North Property consists of three contiguous mineral claims encompassing approximately 6,167 hectares wholly owned by the Company.


TSXV:WHN - Post by User

Bullboard Posts
Comment by MudCreekeron Dec 20, 2018 8:17pm
133 Views
Post# 29143993

RE:What deems a mineable deposit?

RE:What deems a mineable deposit?It's not a mineable deposit until a postitve feasibility study has been completed.  There is no specific number of holes required, but usually we're talking hundreds of holes to delineate what is really there.

The process often goes something like this: Do some prospecting and find something that looks likely.  Bring in some drills and find something there.  Drill some more to see how big and continuous it is.  Drill some more and do a resource estimate.  Drill some more and update the resource estimate.  Drill some more, do some metallurgy to see if you can separate the good stuff from the bad, and do a preliminary economic estimate (PEA).  If the PEA says it's still worth pursuing, do some more drilling to upgrade the resource estimate some more, do more metalurgical  and environmental studies, do more drilling, and do a pre-feasibility study (PFS).  If the PFS says it's still worth pursuing, do more drilling, more detailed studies, more drilling, more studies, and finally a feasibility study that really amounts to a mine plan.  If the Feasibility Study says it has a good return on investment, you have a mineable deposit.  Go see if you can find financing.  If you can complete that in under a decade, you are a genius.  

Obviously a lot of work remains before this one gets to that stage.
Bullboard Posts