RESERVESWhat does this mean ? 2023 PFS ( page 222 ) No underground areas are considered in Mineral Reserves Was thinking about this profound statement.
I thought about the shallow pits - baffled how they would not accommodate
the 500+m - 700+m intercepts.
Then it doned on me...
Could it be the reason why the pits are so shallow is because
the Quartz Wellgreen claims are under Klaune A or B control ?
I decided to look at the elevation on Main road ( not trail mine road ).
I next compared the depth of pits vs Main mine road.
Near match in elevation.
Pits don't exceed this Road grade level.
= Shallow Pits = Kluane owns underground minerals...?
2023 PFS ( map below ) shows quartz claim as indifferent.
Blank, and with impression of no... Klaune A or B control.
im pretty sure i didn't read anything affecting main wellgreen other than,
Burwash claims fall under the Klaune agreement.
This would make sense why the pits are so shallow.
Get's better... Page 222 ( 2023 ) PFS
No underground areas are considered in Mineral Reserves My hunch is -
Underground areas = Underground Mine Our Resource =
437 million tonnes In the
PFS Reserves Section they subtract
100 million tonnes. Mentioned this week or so ago.
Boom... We lost 100 million tonnes ( UG Mine )
437 million tonnes
- 100 million tonnes
= 337 million tonnes
If the chart below shows
307 million tonnes we still need to
subtract another 30 million tonnes.
Which pit is colored RED ?
UG Mine Area.
30.8 million tonnes
= 307.3 mineral tonnes ( just like the chart )
= Coincidence ?
No shallow red zone mine pit.
No deep mine tonnage.
So why is this map in 2023 PFS not showing an A or B influence ?
There is no A, B coloration on, Wellgreen Quartz Claims.
Refer to color chart A, B Klaune zones.
And... the forever morphing Quill Zone.
Hmmmmm.
My New Assessment ? 2017 practical entitlement was it more like....Klaune A, B ?
Zone changes ( boundaries ) most all, plus morphing Quill
86% inferred axed ( was this Klaune A, B ) versus, spot prices etc...?
knew extraction only handled sulphides
did not try to find an extraction to suit peridotites
= could explains shallow pit models
= lost 86% inferred due to practical A, B ?
= well green claims map in 2023 pfs ( map above )
do not show any negative factors on map
Such explains the upper hole / lower hole.
Why focus... on sulphide extraction if these are underground vs
topical peridotites are the ores that can be mined ?
Why not find a good peridotite extraction ?
Fed, Yukon Province, Crown
would not lose on this due to the level of - Gov't + First Nation Agreements.
Stakeholders if at a level of, funder for project - i'm sure they're not in it to lose.
= small shareholders would.
Arrow points right back to, informing shareholders of, - 2017 was there a clear explanation of, practical entitlement ?
- Why sulphide extraction when peridotites are the main ore ?
- 2023 wellgreen claims map - are the Quartz claimed colored A, B ?
= No.
Every reason for ...
Gov't + Stakeholders to buy shareholders out from this hairball.
Wellgreen is, big, beautiful, but very mysterious.
Easy cheap shares since - 2017....
Post is hypothetical in nature. Simply trying to figure it out.
I maybe right, maybe wrong.
Nothing is spelled out clearly.
Requires massive research.
Not fun....!
Cheers...