Reserching Wellgreen,
original reports will outline primary zones, ug mine, east and west, north.
As time moves on,
wellgreen deposit morphs into, numerous zones.
arch, far west, west, central, main wellgreen, east, far wast 1, far east 2, quill
Yet, i can't help but look at wellgreen as - 3 zonation - not east to west rather...
- southern resource.
- ug mine resource
- inferred resource
2017 - reported 86% loss - inferred resources.
boundary changes, spot prices, extraction, cut offs, not enough oer/minerals
June 26, 2017 Near-surface peridotite hosted mineralization however, remains open to the south in certain areas of the deposit. Higher-grade mineralization remains open at depth below the eastern end of the resource pit and mineralized intercepts remain open to the east. These areas will be the target of future exploration drilling. That crew never did go back to the east deep zones.
Could it be a cause of... 2012 pea had already measured the ug mine with, BORE HOLE drilling ?
Along with deep inferred zones ? 2012 NVP - $ 2,396,000,000 billion usd page 28
Drill Meterage - 702 holes (
55,000 m used) page 22
Indicated Pitshell
14,432,900 NiEq% 1.4% Inferred Pitshell
446,649,000 NiEq% 0.60% page 21 2012 PEA https://secure.kaiserresearch.com/i/jk/tr16/TRNKL20120801.pdf Reads as, f
ar higher grades which points to...
= east ug mine + inferred below mine using bore holes and 2nd pit west zone
--------------------------------------------------------------------------------
2011 - early 2015 crew
this crew performed huge intercepts
reassayed historical
assayed inside mine and drilled many new holes
reveal exotics with different assaying
Just after this crew performed all this work and pressed a new, pea...
this crew exited.
New crew, comes onscene.
86% inferred axed.
changes extraction
boundary changes
Could it be,
ug mine zone along with inferred under mine was partitioned ?
Could it give reason to,
why the 2023 pit shell is so shallow and skirts around, over ug mine ?
Could it be,
2012 pea has already measured ug mine and inferred zone below ?
And.... 2023 pit shells are all other zones ?
Could it be reason of,
extraction switch up ( under radar video )
along with 2023 metal payables are so low vs 2023 pea stated 110 mesh too course grain
applied to silicates vs most all independant reports stated ultra fine grind is needed
to liberate metallics from silicate bonds ?
2012 - PEA - Page 89
one of the extraction reports stated,
93 micron meash was too course
smaller meash was needed to liberate more metallics
they went to, 63 micron which improved.
what was the issue for recovery ?
flottion reagents - using calgon - improved recoveries.
dish soap - page 90 - 2012 link above
which points to,
finer mesh grain libertes more metals
reagent need improving for flotation
20120 - Page 95 ( link above )
14.1.1 D AT AB A SE
Prophecy Platinum maintains all borehole data in spreadsheet. Header, survey,
assays, and lithology tables are saved on individual tabs in the spreadsheet. The
Microsoft Excel ™ spreadsheet provided to
Tetra Tech was created on February 17, 2011.
The database contains 702 boreholes, of which 183 were drilled from surface and
519 drilling from various underground workings. There are a total of 13,532 assay
records in the database. Table 14.1 summarizes the borehole database.
Table 14.1 Drill Data Set
No. of Holes
Surface Underground Total
West Zone 70 3 73
East Zone 80 516 596
Total 183 519 702
Pretty obvious,
weighted average of ug bore holes = east = ug mine.
2012 PEA
- higher grade ores
- bore holes
- 516 applied to ug mine
- 446,649,000 inferred tonnes
2015 exiting crew drilled
2015 new crew also drilled
= drill results came out in 2016 with additional historic
= new pea was deffered after 86% resource axing
= no exotics ever included
= was the additional historic drills added in 2016 needed to replenish 2012 pea ?
who knows....
If current 2023 pfs sskirts ug mine
and 2023 pit shell depth is nowhere near the true depth ( bore holes and johnson's )
= is ug mine and inferred under mine and exotics really apart of, 2023 pea ?
Bore Holes
- 446,649,000 inferred tonnes ( 1.4% indicated ) ( 0.60% grage nickel inferred)
= 2,679,894 tonnes Ni
x 2200
= 5,895,766,800 billion lbs ( true sulphides higher recoveries )
what do we have ?
0.26% grade with a bad a- ss extraction. no solution nickel factored
let's ask,
how much effort, monies spent on reassaying historical bore holes and exotics ?
was wellgreen always promoting ug mine and exotics ?
saying, 100% ownership.
what occured on the reassaying ( considerable work, monies spent ) on ug mine ?
what occured after revealing huge intercepts and exotics and 2015 pea ?
= crew change - resource reduction - mass dilution ( hence sep lg shareholders from sm )
what else is in the ug mine ?
look how high the grams rise with added exotics !!!
That's my own take on, Wellgreen.
Take it, leave it, throw it away.
Pretty sad seeing unnessisary dilution, 0.015 cent pp.
and an extreme wait time since aug 2023.
do they have a buyer or.... waiting for a black swan ?
hmmmm.