ARK, rri, EDV, RPEEE
Kazakhstan explorer Arras Minerals aka ARK announced the acquisition of a new project called Tay. It covers 188 sq km and is located 28 km from the producing Bozshakol Cu/Au mine. It is a blind target, but ARK was able to obtain Soviet-era geophysics on a 6.5 km by 2.1 km target which looks almost identical to the geophysics done at Bozshakol at the same time. Note that this new property is not subject to the exploration alliance with Teck, and that the cover over the target is less than 40m deep. A highway, rail line, high voltage power, and mining towns are located nearby.
Exploration plans will be announced shortly.
Message 34587524
Prospect developer Riverside Resources aka RRI continues to beaver away on its various properties in Mexico, BC, and Ontario. Their latest PR concerns exploration on their Pichette Au prospect in Ontario.
RRI thinks they might really be onto something in the PAT zone, where a sampling programme has uncovered gold values up to 21 g/t within a Banded Iron Formation which can traced over a distance of kilometres. Using geophysics, RRI has developed a complex model of the multiple mineralization events at PAT which could mean it is analogous to the nearby Grrenstone Mine, currently being built by Centerra Gold. I invite you to peruse the details at your leisure
There is no word on future exploration, but I expect further geophysics and sampling and then a drill programme. No doubt RRI is negotiating with potential partners.
Message 34588757
FWIW. in the wake of the recent announcement by Endeavour Mining aka EDV of the wet commissioning of the BIOX expansion project at the Sabodala-Massaw gold mine in Senegal, Scotia issued a new analyst report. Citing particularly that BIOX opens up the processing of high grade refractory ore, they see the impact as Positive, but kept EDV at Sector Outperform with a target of $37.
No, RPEEE is not a stock symbol. Rather, it is the abbreviation for a new method of resource estimation that investors in mining stocks need to familiarize themselves with.
The link below is a decent introduction to the concept. At heart, it uses advanced software techniques to check whether mineralization is comprised of blocks of a shape and size that could be mined economically.
Here is a paragraph Tinka included in their latest PR which includes a Resource Estimate using RPEEE
"To satisfy RPEEE for an underground mining scenario, Tinka is reporting Mineral Resources within potentially mineable shapes (i.e., stopes) thereby demonstrating the spatial continuity of the mineralization. Where the potentially mineable volumes (i.e., stopes) contain smaller zones of mineralization with values below the stated cut-off, this lower grade material is included in the Mineral Resource estimate."
One hopes that the use of RPEE will lead to more economically reliable Resource and Reserve Estimates.
srk.com |
