Norsemont Capital Inc. LOMFF

43-101 out on SEDAR

[baccanal]

EOM

[Bvukmanic]

Technical report, not the resource estimate.

[Bvukmanic]

I've only skimmed through, but there's a lot of good info. "It should be noted that the dumps represent material which was rejected during the early heap-leaching mining effort of 1988-1992, generally for either low grade and/or the presence of sulphide material." $4-$5 million work program needed to complete a compliant resource.

[Bvukmanic]

On the plus side, there's likely $600+ million worth of gold stockpiled ready to process (after they drill and confirm), question is how much can be recovered, and how much will it cost?

[Bvukmanic]

*Essentially stockpiled. I wonder if the sulphides are amenable to x ray ore sorting? They also need to do a lot more metwork. I think people are mostly turned off by the fact that other than a small amount of oxides (plus exploration potential), the resource is an ultra low grade refractory deposit. Bioleaching improved recovery from 20% to 60%, but there are a number of different technologies

[Bvukmanic]

We already know from the technical report what needs to be done, company just needs to lay out their plan in a PR.