Post by
Wangotango67 on Jan 06, 2022 11:39am
LEGS + WINGS
Tom did mention in video they would like to potentially set the NT zone up for, open pitting.
Interesting it is, i wonder if they ever dreamt the thought of modelling the Rowan with open pit ?
It would certainly spice things up.
Give the Rowan legs and supposing the Mg was in spades - Rowan would frow wings.
In fact, it could potentially surprize with a new version of economics.
One that - hedges - against the volatility of swing spot markets ( gold )
Takes the Rowan out of the - high grade long hole = high cost mining.
And into a bracket of low cost open pit mining.
A new map of all drill holes - showing - Rowan + NT - allow shareholders to see if RLG has ties these two zones together.
Open Pitting the Rowan might look like this -
- 1.1 million oz high grade
- 1.5 meter and under intercepts
- low grade that was not really factored
- Mg + Mn secondary credits
If Springpole has an approx 0.97/g grade average, it would most like take a good - 35 tonnes to produce - 1 oz of gold.
Supposing the Rowan did have a continuity of Mg -@ a 5% over all grade average - how would it fair against Springpole - with a $750/cdn all in cost ?
Right out of the gates,
The 1.1 million Rowan gold ounces @ 7.57/g average would be the backbone.
The under 1.5 meter intercepts would come int oplay next - perhaps contrasting an average with the 7.57/g high grade. The sporadic lower grade could be segragated and blended into the Mg values as an EQ to support a Mg grade average while affording the Other higher gold grams a decent gram average.
Springpole 35 tonnes
= 1 ounce of gold - that's it. ( cost $759.cdn )
Rowan 35 tonnes
= 7.57/ g blended with under 1.5 meter intercepts
= plus low grade ( spradic ) mixed with the Mg ourtside main gold zones
= 110 lbs of Mg - 5 % grade x 6 ore tonnes = 30% concentrate
= 660 lbs mg ( plus waste oresd with in concentrate )
Current Mg spot prices
= $3.20 cdn per lb
30% con ( 660 lbs ) might fetch
= $660/ cdn ( $1 buck pound ) ???
Potentiak Mg Concentrate + low grade gold outside main zones mixed with Mg
migh pay for the entire open pitting costs - $750 cdn - if one were to compare.
And.... RLG wouldn't have ot drain a lake like First Minng's Springpole project.
So.... Id the Rowan a near verticsal deposit ?
Or.... what about all those other drill holes that extended the main Rowan zone ?
Ahhh.... if it extends to 800m is it still a vertical hydrothermal deposit ?
I was researching Pure Golds underground mine pihotos....
I couldn't halp but notice several photos did have signs of - sediment style banding and some shales.
What is so odd about the Red Lake area is... there is this deformation zone of Breccias that come out of nowhere and are sealed in a sandwich formation with rock solid rock above and below - other photos revealed a intrusion of another foramtion -
Sediments
Shales
Intrusion
Breccias in sandwich
Lower elevations ( pure - red - rlg )
What do i think ?
Lower elevations - depoists are in slight depressions - near other lakes - entire district is riddled with lakes -
M,ajor water intrusion - mass flood - weight of water fractured the sediments and created breccias.... Sediments already had the hydeothermal fluid imprint - happened while sediments were formed. Water interdues - weight of water buckles the sediments - create a zone of breccias - and a siesmic shift happens, mixing up the sediment sheets, some verticasl some horizontal, others diseminated, and others cap abreccia lense.
Cheers....
Here's hoping RLG is thinking legs and wings.
With a lil hot sauce.
This stock has the gold - just needs a hedge from spot gold with an Mg card, and remodel ot open pit..... It's how i see it... but, i maybe wrong andthe junior has other ideas.
I'll take a rest from posting...
Had some pizza last eve and later some GD lil pogos.
Ya know that lil thing called Gall ?
Yup... i thought i was a gonner last eve.
Pain like no tomorrow over 6 hours.
No sleep in me..
Doughy pizza breads and pogos.. .nope.
Not a good thing at all.
Comment by
bufordpusser on Jan 12, 2022 6:44pm
looks like we may get a bulk sample this summer for a potential high-grade open pit which would be of interest to all the red lake operations. if someone can comment on the logistics of getting the open pit ore from point A to point B please do so.