Based on the La Ronge press release -
La Ronge set out to prove the Cameco Historical Resource ( Preview )
Anything over 200 meters = 650 feet intercept.
That's incredible.
Perhaps, La Ronge performed a " VERTICAL " drill hole to confirm.
Instead of, coming in on an angle.
What does it suggest ?
It suggests the Gold MINERALIZATION runs quite, deep.
What else does it suggest ?
It suggests the former Cameco 12+ grams per tonne was only relavant
to where Cameco drilled - lol
So...let's do an averaging for the deposit area.
Cameco = 12.34 - grams
La Ronge = 1.34 - grams ( i split the 1.63 grams + 1.04 grams - median )
12.34 + 1.34 grams
= 13.68 ÷ 2
= 6.84 grams.
FORMER LA RONGE PRESS RELEASE - La Ronge has already made a splash in the area, pulling some impressive results in a drill program to confirm historical resources at the Preview SW deposit. Drilled in the centre of the old deposit first established by Cameco in the late 1980s, hole 121 hit 214 metres averaging 1.63 g/t Au starting at 12 metres downhole and hole 122 returned 197 metres carrying 1.04 g/t Au starting at 8 metres depth.
The non-compliant Preview resource, based on 14,000 metres of drilling, stands at 493,700 tonnes grading 12.34 g/t Au, While the historical Twin deposit
hosts 612,000 tonnes grading 5.14 g/t Au. LINK- https://www.canadianminingjournal.com/news/la-ronge-district-regaining-some-of-its-old-shine/
La Ronge - has performed several drill holes...inside + outside of deposit.
Comstock - has performed several drill holes - inside + outside of deposit.
Even extending the south preview deposit + north preview.
Extending outside of deposit should increase = respurce.
Yet... 2016 resource calculation remains the same.
Those are massive intercepts perormed by La Ronge 600+ feet of gold mneralization.
It's almost as if... La Ronge took a few pokes...to confirm and also found out how deep the mimerslization was.
And both La Ronge + Comstock have placed much effort = outside the main deposit to search for more....without updating resource...? Anyone, else get this feeling ?
PERHAPS...
COMSTOCK SHOULD DO A FEW VERTICAL DILLS RIGHT THROUGH THOSE VEINS...
HA,...WOUOD MAKE SOME GREAT = INTERCEPT PRESS RELESSES...lol
Whose nearby....? SSR mining - a mere 43 miles away from Comstock's South Preview.
They run and own the See Bee Gold Mine.
Seabee Gold Operation produced a record 31,183 ounces of gold in the first quarter of 2019, largely due to timing of gold pours at year-end 2018 and aided by the increased mill throughput rate. Gold sales totaled 27,999 ounces for the first quarter, 29% higher than the fourth quarter of 2018.
The mill achieved an average throughput of 1,008 tonnes per day over the first quarter, a 7% increase compared to the previous quarter, reflecting a higher mining rate at the Santoy mine. Gold mill feed grade was 8.59 g/t, in line with plan. Gold recovery remained consistent at 97.2%.
Cash costs per payable ounce of gold sold, which include all costs of inventory and refining costs, were $467 in the first quarter of 2019, 7% lower than the $502 recorded in the fourth quarter of 2018. Lower cash costs were due to lower unit operating costs for mining and general and administrative as a higher proportion of underground activities were directed to capitalized development. Costs per tonne mined were $52 in the first quarter of 2019, 9% lower than in the previous quarter due to higher tonnes mined. For 2019, the Seabee Gold Operation planned 45,000 meters of underground drilling and 23,000 meters of surface drilling with the objective to increase and convert Mineral Resources into Mineral Reserves near the Santoy Mine. In the first quarter of 2019, we completed 12,576 meters of underground drilling and 15,561 meters of surface drilling in 24 and 58 drillholes, respectively. On greenfields targets, we received anomalous positive results from two holes at Batman Lake, located 800 meters south of Santoy mine on the Seabee property, and the last hole completed on the north Mac showing at the Fisher project. Results from the majority of the Fisher property drilling are pending assay results. Read more at https://stockhouse.com/news/press-releases/2019/05/09/ssr-mining-reports-first-quarter-2019-results#4v2UAteWJkTkRYeX.99 Yes....SSR, is even drilling green field projects...
On the hunt or more gold...wink !
That's all I've got shareholders. I'm left with...the main historical resource is still the same...
While all this drilling performed by, La Ronge + Comstock have not at all or very little
bumped up the gold resource with several years of drilling in and out of main deposit.
One - would think an updated resource would be in order....
Both companies drilled in new locations = extending strike = which should COMPOUND the resource....right ? Even using the original base of 12.34 grams and averaging with new would
still Garner more tonnage + more NEW gold grams + averaging.
Check out Summer 2017 Drill Program - ( Comstock still uses 2016 resource estimate ) lol
Multiple high-grade gold intercepts below historical 50 m production trench at the North zone, including 3.25 m averaging 87.16 g/t gold in PR17-175 starting at 41.15 m depth and including 1.25 m averaging 220.96 g/t gold starting at 41.15 m depth (true thickness is interpreted to be 75-85% of drilled width; previously disclosed in September 28, 2017 news release )
- Drilling in the southern sector of the Preview SW deposit was successful in extending select zones further south (10.00 m averaging 1.04 g/t in PR17-179; 11.52 m averaging 1.12 g/t gold in PR17-181) and intersecting visible gold – Map 1
Read more at https://stockhouse.com/news/press-releases/2017/11/09/comstock-reports-summer-exploration-results-preview-project-saskatchewan#TZiKzvgDGO5CMO7P.99 Heck check out Comstock's - Extraction Recoveries - Combined gold recovery for both gravity and bulk flotation processes in the current test work is estimated at 82 percent for zone 103 and 89 percent for zone 104 and compares well with the previous metallurgical results of 2013.
- Cyanide leaching of flotation concentrates indicated that in excess of 98 percent of the gold contained in flotation concentrates could be extracted using industry standard cyanide leaching conditions .
Read more at https://stockhouse.com/news/press-releases/2018/01/23/comstock-reports-positive-metallurgical-test-results-for-its-preview-project#XwQoelpFVSytwZm5.99 Sit back and wait for Comstock's next move. Resource updated please.
Wango~
Excuse the typos...
After reviewing my posts...
I see that this editor box is up to it's ole tricks...lol
Use - logic to know some of the words have changed
Beyond my control...
Cheers !