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)

Free
Message: Re: Shanghai Shibang Machinery
29
Nov 07, 2011 04:18PM

"The Big Daddy Deposit in the Ring of Fire may be as much as 100% lumpy ore. Micon estimated that the Big Daddy Massive Chromite Domain contains an indicated resource of 16.3 million tonnes averaging 40.66% chromium oxide (Cr2O3), and an additional inferred resource averaging 39.09% Cr2O3. By comparison, Outkumpu’s Kemi Mine in Finland has ore reserves of 41.1 million tonnes averaging 24.5% Cr2O3. It should be noted that indicated and inferred resources have not been analyzed for economic viability."

Unless they discussed it earlier in the website, it is special that they refer to the 'Big Daddy Deposit in the Ring of Fire', without mentioning that it is situated in Northern Canada, like if it was something of common knowledge! They mention the other cited example to be situated in Finland, however! And the information about Big Daddy seems to be a copy-paste from the Xstrata report...

Another great find, Babjak1! KWG shareholders should be glad about this positive mention of the Big Daddy deposit by experts in chromite crushing!! Cliffs beware!

GLTA.

BaBe.

16
Nov 07, 2011 05:18PM
Share
New Message
Please login to post a reply