Ann: Excellent Gold Recoveries from Initial Metallurgial Testwork, page-10

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spurlo1

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08/07/17

15:07

Post #: 25745736
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Originally posted by eshmun ↑

The most important thing initially for mining approval is that the deposit is located on a granted mining lease which BOD-Lena are (mining lease M21/106).

I've done some checking and some overlaying on GoogleEarth (the accuracy is not completely reliable but close enough) and I've found that the BOD-Lena lines of mineralisation sit very close to the eastern boundary of the mining lease. The upwardly vertically projected lines of mineralisation are within the lease boundary but the southern ends of the Velvet and Twilight lines are close to the boundary and appear to be converging on it to the south. Depending on the mining method the proximity to this eastern boundary may represent a problem. Should any proposed open pit design cross this boundary a new mining lease application would need to be made and they generally come with delays. They might be able to squeeze a small pit in but it could be a problem for the planners if the boundary is in fact too close and they opt to mine BOD-Lena initially using open cut methods. We would need to see how much oxide ore is available at BOD, judging by what I've seen the oxide tonnage at BOD won't be large. Esh

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Thanks for the fantastic insight both of you. Looks like things could happen pretty quickly.

Esh, maybe they could start with the shallow Lena deposit whilst they await the mining lease application to come through if BOD is affected by that mining lease boundary.

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Ann: Excellent Gold Recoveries from Initial Metallurgial Testwork, page-10

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Chaos reigns markets – so let's take stock of where we're at ahead of December

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

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