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)

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Message: how much to drill a meter ~ 250/meter
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News or NOT?
21
Canseco
Sep 05, 2008 06:47AM
Re: News or NOT?
2
southendboy
Sep 05, 2008 07:07AM
Re: News or NOT?
2
hoov
Sep 05, 2008 07:10AM
Re: News or NOT?
1
southendboy
Sep 05, 2008 07:15AM

how much to drill a meter ~ 250/meter

in response to
Re: News or NOT?
by
hoov
posted on Sep 05, 2008 07:21AM

below is from SPQ Forum

2008 Budget

) Drilling BQ 4000m 526,000

b) Helicopter 60,000

c) Helicopter (crew changes and service) 70,000

d) Field technical Service 260,000

e) Assays (150 samples) 4,500

d) Supervision and report writing (2 months) 36,000

e) Transportation (geologists) 3,000

Subtotal $959,000

10% 96,000

TOTAL $ 1,055,000



Therefore ~ 1,oo,ooo for 4000m = Cad ~ 250/meter

average hole depth 400 meter = ~ 100,000 /hole

we have 5 drills now ,the burnrate /month is ~ 4.5 mil

including office overhaed...estimate we are at least drilling

15000meter /month ,each drill can complete 3000 meter



bh





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Re: how much to drill a meter ~ 250/meter
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hoov
Sep 05, 2008 07:37AM
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