EXPM:RLGMF - Post by User
Post by
Wangotango67on Jan 01, 2022 2:45pm
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Post# 34276310
MAG - EFFECT
MAG - EFFECT Took the pludge and dove into the 927 page Hylake Gold report -
Lots of data - which is super to wrok with.
Beyond my last poke at this huge pdf file i only read to the 70th page or so.
Interesting to see the geology flip upside to downside.
Either felsic quartz atop woth a marble
or
Mafics ( volcanics ) at bottom.
Or visa versa.
Can't help but think of sediments sheets - rolled from top end to bottom ( flip )
Today, i'm around the 700 page mile mark.
Ugh...
43 101 PDF
https://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/20000014758/2_53517_10_DiamondDrillingReport.pdf
What did i find interesting that stood out ?
Nope, not the copper values nor the zinc.
Rather Magnesium and Manganese are the 2 strongest secondary minerals that actually show decent values.
Magnesium runs around 1% to 10%/ ( consistent values of, 5% - 7% ) impressive.
Manganese runs around - 1000 ppm to 6000+ ppm.
Why even search for secondary minerals ?
All in plight of remodelling the depoist to see if a secondary or two mineral would assist in the support of cost ot mine - open pit.
Translated -
A 6% magnesium grade = 132 lbs
Magnesium is running about - $8,500 / CNY
= $7,630/ tonne usd
= $3.47/lb
132 lbs ( 6% Mg )
x $3.47 / lb
= $458.04 usd ( $549.60 cdn )
To view the Magnesium values in pdf link above - scroll to page - 578 - 653
Be sure to correctly identify the Mg mineral when scanning each page as there are two pages
that identify different mineral - Magnesium is assigned to a specific group of minerals while the other page of minerals revelal entirely different minerals - as not to confuse the Mg value columb.
ED'S UP - RED LAKE GOLD MINE ADVENTURE
In this vidoe that was aired on T.V. Ed goes belwo the Red Lake mine to see how gold is mined in Red Lake.
https://www.youtube.com/watch?v=uMbmqQvZTjM
Why post the video above ?
To show how laborous - sniping - high grade gold is.
Lots of down time - with each blast - entire mine has to evacuate.
Back and Forth - up and down the mine shaft...
Extremely time consuming.
Very costly to mine the gold ( $1200/ and up per ounce of gold )
OPEN PITTING - comparitive peer in red lake )
1 gram gold average would run an approx - $750/cdn to produce 1 oz of gold.
That's approx....
33/tonnes ( recovery percentage incl )
33 tonnes of 6% Magnesium
= 132 lbs Mg per tonnes - 6% mg x 33 tonnes
= 4,356 - lbs of Mg ( full recovery example )
x $3.47 lbs
= $15,115 / cdn ( every 33 tonnes processed ) secondary mineral credit - example only
Why use a 1/g comparison ?
Ahhhh.... i can't help but think of all those ( 1.5 meter intercepts ) that were excluded from the
long hold mining model for Rowan. 1.5 meter and over were used but the 1.5m and under were apparently excluded.
Thing is ....
many of the 1.5m intercepts are well above 1/g tonne.
And of course - 1.1 million ounces @ 7.57/g
Stands on it's own.
Which is why i decided to sift the 43 101 - to see if the Rowan had any other -
potential secondary minerals to support - open pitting.
- 1.5 meter intercepts
- Magnesium
- Manganese
As for Manganese - https://www.metalary.com/manganese-price/
Approx - $2,000 / t
$1.10 usd per lb
6000 ppm = 0.06%
= 13.2 lbs per tonne ( just an example )
x 33 tonnes ( if Rowan was wver modelled for open pit chase the 1.5 meter intercepts 1/g )
435 lbs
x $1.10
= $478.5 usd
The Mag effect.
At least i now know there's a good Magnesium value - if they ever decided to switch the Rowan mine up from long hole to - open pitting.
THIS POST -
Is not investment advice.
Do your own DD.
Junior is at present only modelling the Rowan for - sniping high grade - long hole modelled.
Cheers.....
Cross my fingers,
hope like hell the junior wakes to the secondary minerals - 1.5 meter intercepts - open pitting..
lol
When you think about it...
When a deposit is first calculated for it's maiden inferred resource.
The space where no drills are tapped are averagedd with holes that have the data.
Interpolation methods come into play.
I couldn't help but think - if X junior had 200 holes with several 1.5 and under intercepts,
the number of intercepts x number of holes would - certainly increase well beyond the static data of known intercepts - basing zones where there are no holes - filling in ( speculative ) datsa that matches the geologic columb - arriving at an estimate of same geology and similar grades for zones not yet drilled - resulting in - all the more hypothetical intercepts at an inferred value.
In short - the number of existing 1.5 m and under intercepts would increase exponentially based on interpolation methods that force an averaging of unknowns.
Though i'm more partial to the Mgnesium -
The manganese is also quite interesting for battery metals .
Manganese is utilised within two of the most prominent batteries in production, being the Nickel Manganese Cobalt (NMC) and Lithium Manganese Oxide (LMO) batteries.
I'm happy i found the Mg + Mn.
Sit back and see how this junior shapes their story for - 2022.