CORONATION FILESIn 2008 Coronation Minerals collared 12 diamond drill holes
(4 526 m – 3 holes collared
underground) on the Wellgreen property.
( wango ) inside mine = easy to reach deeper depths.
2006, 2007 and 2008 diamond drill programs were
carried out to twin historical holes and to upgrade the property’s resources to NI 43-101 standards. One diamond drill hole (WS-06-153) was drilled to test the thickness of the ultramafic body. It reached a final depth of 561.14 m, far deeper than historical records indicated. Link - https://data.geology.gov.yk.ca/Occurrence/14129#InfoTab I decided to search out Coronation, 43 101. Came across this... Just now..
What was being contested ? "
Wellgreen deposit as being 303 million tonnes. Global resource statements are not 43-101 compliant and are retracted. "
Link - h
ttps://www.mining.com/prophecy-platinum-clarifies-and-restates-certain-disclosure/ Let's perform a quick review... Galactic / All North knew... of the
serpentine / peridotite being mineralized
but did not measure it. They were after the
Gabbro / Sulphide high grade. We can see the broken rocks from mine entrance as being,
deep blue grey sulphides, not serpentine nor peridotite.
Look at the sulphide rocks.... https://www.northernminer.com/wp-content/uploads/2013/12/1002752003-1002752064-700x437.jpg Coronation - One diamond drill hole (WS-06-153) was drilled to test the thickness of the ultramafic body. It reached a final depth of 561.14 m,
Far deeper than historical records indicated. Images of wellgreen do show a sweet spot where the mineralization runs
to over
500+m depths. So where was the issue ? Sudden influx of Hudson's or Galactic's inferred
To - coronation's 303 million inferred tonnes.
Could it be.... Coronation ( Watts ) measured an
inferred peridotite silicate ?
Ahhhhh.
Was this year class of,
2011 knowledgable of, silicate nickel ?
Yes.... but what if it were treated as, lithium clays ?
3 scenerios outcome...?
1- contest the 303 million tonnes - where did they come from
when comparing former junior resource calc who saught sulphide / Gabbs.
2- Coronation included the silicate minerals.
Tonnage, Galactic, All North.... didn't. ( 89 pfs )
3- Too quick to judge
Not fully understanding the silicate tonnage.
Forced to retract. What did Miller ( reveal ) years prior in 1991 ? Disseminated minerals are
allocated to the silicates.
Miller (1991) found that the disseminated mineralization is preferentially enriched in copper, platinum, palladium and gold compared to the massive sulphides. Sulphur isotope data suggest that most of the sulphur was assimilated from deep crustal sources and was not derived from footwall rocks.
https://data.geology.gov.yk.ca/Occurrence/14129#InfoTab We move forward in time... The silicates are
better understood. One realizes the silicate ( peridotites / serpentine / olivine / dunite )
hold their own with decent grades of, ( Ni, Cu, Co, Pt, Pd, Au, Exotics )
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2017 rolls round.... Here' comes the silicate issue rearing it's head.
Can't deny the silicate minerals -
rather.... can't extract it. Practical Entitlement is enacted.
Yet, XPS.... has no issues with other junior's silicates.
Or.... simply pull forward phase 1 xps extraction.
They admit the studies were wrapped round - silicate / peridotite.
Bulk concentrates = turned out with good recoveries.
2023 pfs should have phase 1 recoveries attached.
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If one analyzes this image 1/2
upper core intercept =
peridotite mineralized
1/2 lower core intercept = other mineralized
https://image.slidesharecdn.com/prophecyplatinummar13presentation-130308145105-phpapp01/75/prophecy-platinummar13presentation-17-2048.jpg?cb=1672287738 Only 1/2 whole core was sent to XPS.
XPS said they worked on,
Peridotite. What's happened next ? June 2017 = 86% loss in inferred resource.
Due to extraction - practical entitlement.
lol
Does an inferred resource simply vanish because one
chose the wrong " predictive " extraction ?
Of course not.
It's still there, mega iferred.
Upon hearing practical " predictive " entitlement
they should've saught a diff extraction.
Previous press stated it was suitable based on, phase 1.
But when it came to phase 2 ( closed locked cycle ) the concentrate
grades have issues ? lol
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IMAGE - wellgreen zone - upper image https://image.slidesharecdn.com/prophecyplatinummar13presentation-130308145105-phpapp01/75/prophecy-platinummar13presentation-23-2048.jpg?cb=1672287738Not%20seen%20on%20image%202013%20Drill%20 Hole%20Johnson%20750+m%20Far%20East Pretty straight forward. Upper image = Red = wellgreen deposit.
Two center white arrow lines = Central zone.
Backside of Wellgreen ( upper image ) far larger footprint than front side.
From front side to backside...
i figure = 1,000m wide ( north to south.
We can see it was measured bottom right of, image.
Main Wellgreen ( core ) 900m long ( east to fringe of Central )
Wellgreen Platinum said their 2015 resource is over the span of, 2.5 km.
Central zone has the 367m to 500+m intercepts.
Deepest hole 188 presents 2 images.
188 main side the other image show 188 on backside.
What would be needed to arrive at, 846 million tonnes inferred ? Wellgreen 2.5 km ( east to west ) 2500m x 300m wide x
200m deep x 2.8 ore weight
= 420 million tonnes ( + ) Current - 437 million tonnes M + I = 857 million tonnes )
= very close to 2015 PEA 846 million tonnes
What interests me ? Backside, of wellgreen. Rough guesstimate using grids on images.?
main wellgreen - 900m long well green ( east to west )
deep holes well over
500m Wellgreen and backside image shows 200m grid
= 1,000m wide ( north to south )
= hole 188 - 457m 2.11/g platinum Eq
= Image shows open at depth.
= this same zone seen met ores with only 1/2 oeridotite sent.
900ml x 1000m w x 450m d x 2.8 ore weight.
=
1,134,000,000 billion ore tonnes = far exceeds the 2015 846 million inferred
There's still
Western zones not measured. Far East zone with, 750+m intercept with nearly 2/g t Pt Eq.
And now your upto date... on what i've been researching.
Interesting, eh ?
Not investment advice. This entire wellgreen project needs... a proper measuring
with no practical entitlement.
Own opinion.