Hi Bud... ( 2 pfs reports ) it's what i would doYeah.. i have since revisded the potentai lcarbon t oa 3% - but... given the core pic i posted in a former post - i'd say the argillite and rhyolites could hold more.. .A further study would be really nice to see.. Even at 3% = such could pose a significant carbon credit if the carbon is of right purity.
On another note - i was just noticing with in the 2019 tech report that a good portion of the ores are being treated as waste rock.
65 % = A - 1
17 % = B - 1
------------------
82% ( upto .40/grams per tonne )
Now the oddity is... this waste ore has upto .40/grasms per tonne and is NOT apart of the tageted resource.
Which could be quite significant if the argillites and rhyolites were looked at in a different manner by way of... another form of concentrrating in a value per cubic meter -
There are a few other juniors out there who target tailings with low grade gold ore.
if these juniors can pull a profit from low grade ores - then...
why not the junior whose mining it first out of ground...?
BRILLIANT IDEA ?
Take the 82% waste ores and run it as a 2nd operation compliment to the main PDS.
PFS 2
mills the waste ores to 400 mill
and run an entirely different mine operation
- 400 mesh target the argillites and rhyolites for = carbon credits
- and what ever gold + silver is captured is bonus gold.
- run the metrics per cubic meter ore = 2 x .40/g = .80/g per tonne
Page 165qaste ore pie chart
Page 167 ( upto ) .40/g of gold in the waste rock
EXCERPT - page 167
Mineralized waste rock (between 0.15 and 0.40 g/t gold) has been segregated in the mine plan to report to a WRSF west of the pit and south of the plant site. The top elevation of this mineralized WRSF pile is 1,120 m, with a capacity of 48 Mt. The PEA mine plan does not reclaim this material back to the mill, but future studies should examine the opportunity to mill this material after the open pit has been exhausted
Yes....divide the project into 2 programs
1 - main gold pfs
2 - .carbon + waste gold pfs
2019 - Tech Report
https://www.spanishmountaingold.com/site/assets/files/3364/spanish_mountain_gold_-_technical_report_-_20191202.pdf