KRM 2.94% 3.3¢ kingsrose mining limited

Unlike open pit mining, narrow vein mining is expensive to drill...

  1. 7,501 Posts.
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    Unlike open pit mining, narrow vein mining is expensive to drill out to JORC standards. KRM , like MML, have decided to use its exploration capital
    in UG mining following the narrow veins rather than spend money
    on expensive and difficult JORC drilling.

    Way Linngo and Talang Santo are narrow vein gold mines and KRM have
    acquired some of the best in the business including a mine manager ex
    MML and of course Mr Phillips who was a foundation prospector/miner/
    shareholder of MML

    KRM has rich (12g/t + Silver) narrow veins and the most economic way of
    mining is to simply follow the veins UG rather than costly costly
    JORC drilling. Its all about economics rather than science.

    This is why KRM has to only 400-500 tons/day while lower grade
    JORC'ed open pit mines have to process 10 times that for similar
    gold revenue.

    If you study the evolution of MML, then you will see KRM's rationale.

    Cheers
    Moorookamick
 
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