Re: Decade Photo -CoreBox
in response to
by
posted on
Feb 06, 2015 11:21AM
Saskatchewan's SECRET Gold Mining Development.
via CoreBox - Grade Calculator
It takes a great deal of expertise to drill off a deposit and maximize the grade, in order to obtain the most money on the market by selling shares. The reverse is true when you use the extent of your expertise in obtaining results that are mostly confined to waste rock, below the cut-off grade.
That means they don't need to raise any capital, which lends credence to the assumption that the company is escrowing production. They managed to raise capital for extensive unannounced drill programmes, stockpiling of ore and development of mines, and surreptitious mill upgrades.
I have often wondered if you could use the management strike at GBN.V as your masters thesis in business administration. The managing director has resigned, along with the chief financial officer. There's no chief operating officer, no chief geologist, all of the management functions are being completed by consultants who formerly worked in prominent positions, essentially scab labour. There is an employee lockout enforced by security guards, and a shareholder information lockout.
Premier Brad Wall's conservative government in Saskatchewan have essentially torn a page out of the socialist playbook, by technically confiscating the mining project by allowing unannounced drill programmes, allow an egregious mischaracterization of the project, and for the company to interpret the regulatory requirements entirely at their own convenience. They also allowed the company to withhold financial information in a publicly traded company. All in the interest of keeping everyone else out of their little sandbox.
DON'T INVEST IN MINING IN SASKATCHEWAN is the message.
But, je digresse. You can figure out the average width and residual grade using CoreBox.
Ex. Using Decade drill results. Everything below 4g/t is waste rock. That leaves three examples.
http://www.corebox.net/drill_interval_calculator
http://www.corebox.net/drill_interval_calculator?data=5.4,23.77,,,,1.5,,81.96,,,
http://www.corebox.net/drill_interval_calculator?data=3.4,18.96,,,,.9,,65.24,,,
http://www.corebox.net/drill_interval_calculator?data=4.4,13.24,,,,1.0,,44./,,,.3,,,3.69,,
The average grade is 25.83 g/t. These highlights in the drill programme are when the company unintentionally drilled through ore, and not waste rock as they intended. So this is the grade of the mine.
- F6