Open Pit

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

jrichm99

Rank: President [?]

Points: 9238 [?]

Votes: 159 Score: 3.4 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Open Pit

posted on Jul 07, 2008 07:35AM

This is not a problem.

Certainly an open pit means that all of the rock is removed. In drilling the blasting holes (very closely spaced) assays are done on those drill cuttings and then a spatial determination of grade and category is made. It is very tightly controled as the rock is loaded and hauled out of the pit by trucks and can be classified in any manner such as;

1. high-grade (ship)

2. ore for stockpie

3 waste rock (tailings pile)

This means that an assay lab needs to be on-site for this purpose. In our estimation of value of what is in the 43-101 let's not low-ball the capital costs of putting an open pit mine into production or the costs of getting to the high-grade. Nothing is cheap these days.

Here for the longterm with great anticipation and expectations for new discoveries in ROF. NOT worried about the future or manipulation, those that have the "goods" in the end win out. Stay long!