I decided to make a vidual interpretation of, Drill Hole A.
To determine if it is feasible to intercept the peridotite sill at
1000m away from pit 1 outlier shell and intersecting peridotite
561mat depth as press stated.
Press Excerpt -
Dec 10 2020 Conductor A was approximately 561 metres and was collared in Station Creek Formation volcanics and drilled through Hasen Creek Formation sediments before encountering the peridotite sill. To recreate this scenerio, i used Wellgreen Platinum image and extended
the peridotite sill trajectory lense.
My figures rang in at - 500m
Therefore, Drill Hole A intersecting the peridotite @ 561m is very believable.
What they should've done ? Drill right through to know peridotite thickness and what below it.
Maybe they did...lol
Downhole geophysics anyone ?
ha.
Place the drill on a more acute angle to achieve the extra...
= 61m.
Why is this important ? It could suggest the main ore body
expands another 500m to 700m southerly. = Main east ore body footprint = much larger.
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I also sifted the 2015 PEA.
It's solid. It makes sense.
Recovery % versus metal content in, con payable = accurate.
They only used 329 million tonnes over 25 yr mine life.
Mine tonnage processed versus mineral resource tonnage = match.
Image above = shows the pit 1 shell
What i've concluded ? New personel who took over may have misinterpreted 2015 press.
Misinterpreted How ?
Reading this...
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. Link -
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 This excerpt was placed under - Mineral Resource Estimate
A person new to the project would take one look at 329 million tonnes
and 108 million inferred and want to erase the 846 million tonnes. In my opinion,
this 846 million tonnes inferred estimate should've been placed under a new
heading in, 2015 PEA press
and show what image ?
The image in this post. ( above )
Wellgreen Platinum Image showing the Pit 1 vs Pit 5
Would pit 5 ( global constraint ) amount to 846 m tonnes ?
Anyone see
drill holes going beyond the bottom of pit 1 down into pit 5 ?
Yup.
Could they've realized the bad call, saying not enough minerals
could host in ore body ?
What would be a great fix to replace a potential error ?
Change the cut offs ?
A speculative theory.
If one were to continue pit shell #5 southerly
grey jagged line would it end near
Drill hole A collar ?
Me thinks wellgreen might have known it did.
How ? Rory claims owners ?
Far East - over 700m deep
Central - Hole 188 near 500m
Other reports say deposits is 1000m wide.
From east mine to central i'll just use 500m deep.
= 1250m lomg x 500m wide x 500m thick x 2.7 ore weight
=
843,750,000 million tonnes
No west resources
No north side resources
No beyond 500m depth resources
Look at the Wellgreen image again.
The deep mineral body goes under the first hump mountain and
out to north side. My wish ? - reinstate 846 million tonnes
- scrap 2023 pfs redo using 2015 pea stats + additional ores
- pull plat out like 2015 crew and new 2016 crew said they'd do
- use just bulk con
- affords enough iron for sep iron con
- include exotics
- factor Mg credit
- Chromium
- Solid solution include as a total nickel conent like FPX
- revisit phase 2 met excess copper
- use spent silicon to seq co2
- confirm east zone stepout extends to Drill Hole A distance
- consider excess shares over yrs
= stellar project COMPARE 2015 - 2023 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
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2023/Nickel-Creek-Platinum-Announces-Positive-PFS-for-its-Nickel-Shw-Project/default.aspx
Post is not investment advice.
It's a post that is trying to figure out the anomalies from 2015 forward.
Cheers...