SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chuca Marsh who wrote (5792)9/27/1998 9:51:00 PM
From: GlobalMarine  Read Replies (1) of 11603
 
Yes, it's actually a pretty good plan of action, I think. IMO, since it appears the recovery method doesn't work because the company shelved its pilot plant after the first test (which failed), why not try to hunt for high grade ore (say, 0.5 to 1 oz/ton) so that ANY and EVERY recovery method will work economically. Note that Peoria Seven contains a lot of clay, greatly complicating recovery. South African clay-based gold mines are economic only because the grades are very high (5 grams a ton according to Jeremy Ison, a South African mining engineer working for Naxos).

However, one thing to consider is that high-grade areas have to extend to depth to make them worthwhile. If you notice the RC drilling from last year, as you go to depth, the high-grade drill hole grades drop substantially. Perhaps this is why the company's current 10 hole drilling plan only provides for drilling to 20 feet.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News