NCP versus CNC CNC ( Canada Nickel )
$1.15 stock price
Anglo American ( 9.9% vested )
1.9 Billion pounds nickel,
21 Mt of iron
1.5 Mt of chrome
25-year mine life
Nickel Creek Platinum Corp
( Wellgreen Deposit ) Yukon
Aug. 24, 2023
Current Resource Size / Grades
| | | Ni 2.47 bil lbs, | Cu 1.28 bil lbs | Co 137 mil lbs | Pd 3,29 mil oz | Pt 3,14 mil oz | Au 545 k oz | |
| M+I | 436,695,000 t | Ni .26% | Cu % .13 % | Co .014g | Pl .23g | Pt .22g | Au.04g | Mg 16.92% | S .68% |
https://ceo.ca/@newswire/nickel-creek-platinum-announces-positive-pfs-for-its
Let's take a trip down memory lane....
Former Owner : Prophecy Resources
History
Back in 2010 / 2011 / 2012
https://data.geology.gov.yk.ca/Occurrence/17432#InfoTab
Wardrop's Tech Report
Only included 2010 and former drill results.
2011 + 2012 drill programs involved stepouts
And... trying to connect Central Zone with.... East Zone with West Zone.
What was Phrophecy... intercepting in 2011 ?
Prophecy drills 120.9 meters grading 1.26 g/t PGM+Au, 0.36% Ni, 0.30% Cu within
457 meters grading 0.47% NiEq at Yukon Wellgreen project
https://www.mining.com/subscribe-login/?id=178978
Wardrop's Tech report only covers
East + West zones.
EAST ZONE
14 308 000 tonnes Indicated
Ni 0.69% Cu 0.62% Pt 0.99/g Pl 0.74/g Au 0.54/g Co .05%
EAST ZONE INFERRED
219,327,000 tonnage inferred
Ni 0.39% Cu 0.39% Pt 0.54/g Pl 0.45/g Au 0.26/g Co .03%
WEST ZONE INFERRED
69,919,000 tonnes inferred
Ni 0.34% Cu 0.38% Pt 0.50/g Pl 0.34/g Au 0.12/g Co .02%
YEAR 2010 - EAST + WEST + ALL CATEGORIES COMBINED
2,570,189,560 billion lbs ( Nickel )
2,570,683,520 billion lbs ( Copper )
9,876,319 million oz of ( Pt, Pl combined )
191,258,90 million lbs ( Cobalt )
2,342,617 million oz ( Gold )
2011 + 2012
Drilling also expanded the overall size of the deposit.
But were not included in Wardrops resource calculations
Scan above to Prophecy's 2011 intercept ( beauty )
457 meters grading 0.47% NiEq
Wardrop never factored....
Tellurides
Iron
Titanium
Wardrop’s 2011 technical report and resource estimate included all diamond drilling completed to the end of 2010 but did not include all historic drill core assays for the 6 Platinum Group elements. (platinum, palladium, osmium, iridium, ruthenium, and rhodium)
AGAIN - compare Wardrops 2011 resource calculation to...
NCP's 2023 resource calculations.
So.... if East and West zone calculations are separate from the
Central Zone ( inbetween connective ) why is the former resource larger
than current 2023 ?
Central connective zone still has minerals but lower grades.
My best guesstimate is...
Infill drilling to bump up the east west zone inferred categories
may have resulted in lessor grades or sporadic mineralized zones
affecting continuity.
Or.... more drill emphasis placed on central zone to connect
east to west = form a larger strike and as a result ?
Central zone low grades were mixed with east + west ???
Hence - i myself....
would've kept east and west stand alones and proved each up.
Not blending, not drilling the central.
As one can read...
Nickel Creek Platinum has a treasure trove of minerals.
Broad variety.
Many exempt from the resource calc.
And as pointed out...
CNC accounts for their IRON values.
Wink
Cheers...