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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Falcon095 who wrote (3913)5/19/1999 8:34:00 PM
From: Lilian Debray  Read Replies (2) of 5206
 
Re: detractors and more reasons to smile.

There is no indication in the literature that the JV at FALC considers the economic potential of the project to be solely dependent upon placer enrichment.

The mass of kimberlite at each body ranges from 3 to 675 million tonnes. The total mass of kimberlite in the project is 9.5 billion tonnes. Placer enrichment is only one factor. There are other zones that may contain potentially economic diamond concentrations, including the many kimberlites with abundant peridotic garnets and macrodiamonds of gem stone quality.

Just as abundant volatile kimberlitic CO2 could not have had its source in the resorption of diamonds, there is no indication of "a water saturated" overburden at FALC.

With the economy of scale contemplated in the scoping study carried out by Fluor Daniel Wright Ltd., removing the overburden would only add a few dollars to a low mining cost. The classical example is kimberlite 145 at FALC. On that body of 213,460,000 tonnes, the initial capital outlay would represent a maximum of $2.81/t. For approximately $15/t, such a kimberlite could be mined at a rate of 40,000 t/day and processed.
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