| | | Starter pits work well with an expanding anomaly. I am sure that its still probably called a starter pit when following veins but not sure people will translate a starter pit for an anomaly, well too a starter pit for veining.
Not even sure Starter pit applies in this case. You dig a hole, get to X depth then dig out any wall with graphite in it so could a starter pit become a Octupuses head with tentacles? I suppose so.
I think the hardest concept to understand is vein following when you are used to Anomalies.
To give you a great example, which does not surprise me, Theiss-ZEN is having a great time chucking chit at the concept. Mind you he also does not understand the concept of rolling resource either. So I am not surprised.
Most hollow headed individuals want the hole to be in the center and then dig outwards as any mine does. After all stepping is a product of getting to the bottom. So the anomaly concept that ZEN is pursuing is correct. You clear off to the first shelf the entire area out to the widest point which encompasses alot of overburden.
The concept with veins is to drop into the center and "start" of the vein structure and dig out to the edges of the vein and to the edges of the holes that reported mineralization. So if this is still a starter pit, then its fine with me, but starter pits generally expand in all directions whereas our "starterpit will expand in every direction but from whence we came.
Resource- Once again KNATS do not understand Rolling Resource and its purpose. So using the concept above a starter pit moving in all directions except one, you predefine enough for a 5 year plan. If that plan says 100x5 then 500 "Recoverable" tons is all you need to start the pit. Of course that assumes 100% recovery and 500 tons above cutoff whatever it is.
Now, during the process of collecting data a company generally steps out at non approved 43-101 spacing to ensure that beyond the 500 tons, is more tonnage or "the rolling resource"!
Why do that. I will give you a prime example. ZEN is broke and has spent $21,000,000 thus far and will spend alot more.
Doing a rolling resource you only prove out what you need for X years (eg-500 tons). While exploiting that resource you then infill drill the next area you are working toward with the money generated from the Starter Pit. After one year of generating money and having drills working on the next expansion, you then report another compliant resource which is the first of many "rolls" as you work down the strike length.
However, and remember, your original starter pit is good for X years. So the only thing you are really doing is building a future resource that extends mine life as you move around the 93 square Kilometers.
So by year 3 you have now plotted out where you intend on going before finishing year 4 and 5 outputs.
So by the time year 6 rolls by you have expanded the pit into a elongated channel X wide and Y deep and you are working on Z "length" year after year. |
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