I performed a retake on the 2023 Pit Model. 2023 Pit boundary does cover a
far larger sq meterage than my former thoughts.
I've outlined the pit boundary in
green. Quill hump identified. ( arrow )
Central + West zone upper gorge identified. ( arrow )
One MUST read the zones from right to left.
If zones are read from left to right, FE2 ends up being, Quill.
BUT..... i have a few comments - some drill holes are not included with in 2023 boundary. - depth of drills vs depth of 2023 pit. - if pit is on 120m deep near mine portal, then several hundred meters are omitted. - deposit under mine portal, goes to a depth of, 500+ meters. ( pit
- partial digestion assays - many drill campaigns.
- 2012 MET -
fusion assaying revealed high grades and other minerals - 2012 MET - used 80% peridotite blend ( worked ptetty good for bulk con )
- Future MET studies - projection models, practical entitlement
- deferral of separating PG's from magnetite / irons throughtout years
-
- Peridotite + Cliopyroxine are similar in mineral geology.
- 86% peridoties ( 86% inferred axed yet... peridotites are well mineralized )
- 2014 applide 0.15% cut off Ni Eq. ( 846 million tonnes )
-
I agree with 0.15% Ni cut off = several 0.15% nickel intercepts = 1 - 2 gram plat Eq - block modelling 2023 pit with 86% peridotite reduction =
nonscensicle - 2 nickels ( perhaps only sulphides are measured )
- 2 nickels metallic + salt ( solid solution ) = 0.77% if combined
- Real mining vs MET ..... miners roast + use acids.... capture far more
- Multi mineral projects like Wellgreen = bulk con, or.... electrolysis
- additional other minerals in a carbonate state
-
iron, magnesium, titanium, chromium, exotics, rubidium - are not included in pfs My new version ( take ) on Wellgreen.
Map should be self explanitory using pointers above in post.
I'm happy with this version and happy with my research and findings.
I feel it's accurate. At leaste i think it is.
To each their own.
I feel the 2023 PFS should be
retracted just on the premise of, no separate iron credit which other juniors do include.
bias met studies with peridotite geology. What's at 86% stake ? The estimate consists of 330 million tonnes at 1.67 g/t Pt Eq. or 0.44% Ni Eq. (please refer to the tables below for detailed grades by metal and the metal prices used to calculate metal equivalents) at a 0.57 g/t Pt Eq. cut-off or 0.15% Ni Eq. cut-off in a pit constrained resource containing 5.53 million ounces of 3E (platinum+palladium+gold) with
1,894 million pounds of nickel and 1,021 million pounds of copper in the Measured & Indicated Mineral Resource categories.
The Mineral Resource Estimate further consists of 846 million tonnes at 1.57 g/t Pt Eq. or 0.41% Ni Eq. at a 0.57 g/t Pt Eq. cut-off or 0.15% Ni Eq. cut-off in a pit constrained resource containing 13.8 million ounces of 3E (platinum+palladium+gold) with 4,431 million pounds of nickel and 2,595 million pounds of copper in the Inferred Mineral Resource category. 2015 Press https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2015/Wellgreen-Platinum-Announces-Positive-Preliminary-Economic-Assessment-Update-on-its-Wellgreen-PGM-Nickel-Project/default.aspx Here's my final image on Wellgreen I'm sticking with this version.
Refer to beginning of post for pointers.
Cheers....