Post by
shiftyone on Sep 12, 2023 4:10pm
Drill results ??????
Were these good results?
Of almost 4000 meters drilling, they have about 20 meters total that would be feasible.
When they use a cut-off of 2.6 grams/tonne for open pit mining. Is that an average that they need?
Because if you have to move 100 tonnes of rock to get to one 0.5 meter vein, does it make economic sense.
The news release is a bit confusing. It talks about holes that had no significant reserves so they were not reported. They have almost 4000 meters drilled. They show the results from about 1800 meters.
Is open pit mining feasible if there is one vein 300 feet in the ground that has good results?
I'm trying to figure this stuff out.
I don't think that the results were good. So I will encourage goldnhill to educate me.
Comment by
shiftyone on Sep 12, 2023 5:27pm
You should do a google search for mines that are operating with a .45g/t cutoff rate. Tell me how many you find.
Comment by
shiftyone on Sep 12, 2023 5:31pm
Oh yeah, the 2.6 is not great really for a 1.4 million ounce mine. The costs to develop are way too high for that small of a mine. the thought that these results show that the open pit mining could be expanded to the west. They don't say that it cannot be. But they certainly don't show me a whole lot of evidence that they can be. Take care.