KRM 2.94% 3.3¢ kingsrose mining limited

Ann: Way Linggo Project Update , page-13

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  1. 7,501 Posts.
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    We'll all know within 4 weeks.

    Personally I can't see the Indonesian Authoritories delaying Talang Santo
    further because it sounds like KRM has met all the requirements and that
    the local community is in favour of an early restart. ( Miners are working
    on half time)

    I could appreciate your skepticism if the community was against the project
    but in this case, the mine is the chief local source of income.

    From what I know about Way Linngo, I believe that there is an option later
    to divert the river rather than mine under it. Perhaps someone with more info could comment.

    From past drilling, a the rich silver vein (3600 g/t) with lower gold,
    has usually high gold content underneath . Feedback
    from my questions seems to indicate that the propability is high that there is
    higher gold content under the high silver vein top. Also drill results in clay-quartz tend to be lower than the real thing because of drilling washout ( see
    previous KRM ann.)

    Narrow vein mining, although more difficult than open pit, is away more economical. For example an open pit mine with say 1.5 g/t has to quarry
    30 times more rock than a UG operation with say 9 g/t narrow vein UG operation
    (open pit has usually 5 to 1 overburden)

    With the cost of electricity and quarrying nowadays, the UG operation is away
    more efficient;( kind of like open heart surgery vs keyhole).

    Cheers
    Moorookamick
 
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