Some Details:
Skim befor you click link:
Message 3912776
( Check out the post I wrote before in the TO Chuca M section )
Reply to taht also is 349 and excerps are:
What to make of this statement in the 10K?
>>In conjunction with the independent verification of the chloride
leach procedure the Company also commenced the verification of the fire
assay test developed by AuRIC for gold, platinum and palladium.
The representative from AuRIC met at a third party lab to
further evaluate the proscribed gold assay method, overseeing all stages
of the process as performed by the technicians at that
laboratory. Although the procedure was performed multiple
times, the independent laboratory was unable to confirm the
values which AuRIC had originally reported to IPM.
AuRIC requested time to re-evaluate its method, and determine if
any changes in the method had inadvertently occurred when it was
transferred to the third-party laboratory. IPM agreed to
await AuRIC's pleasure at replicating its fire assay methodology
for gold, platinum and palladium, but at this time no date
has been set when this will occur.<<
freeedgar.com
3) Complexed Mineralization - gold which occurs together with other
mineral compounds. This type of gold can be associated (i.e. complexed)
with clays, black/heavy mineral sands, iron oxides, and with complex
matrix chemistry, such as salts (calcium and sodium chlorides),
organics (i.e. humates) and sodium and calcium carbonates. Like
refractory gold, complexed gold does not respond to typical extraction
processes. Gold located on the Black Rock Property falls within this
category.
2) REFRACTORY ORES
Carbonaceous Oxide Ores Yes Pretreatment with 0.07+ 50 yrs old 20 Years Newmont Barrick
With Carbon Oxidants &
Cyanidation
Gold In Sulphides Sulphide Ores Yes Roasting 0.07+ 80 yrs old 20 Years Homestate, Barrick
Tellurides (Cu,Pb,In,As) Pressure Oxida- 0.07+ 20 yrs old 10 Years NCO
tion, Cyanidation
a Bio-Leach 0.07+ 10 yrs old 10 Years S. Africa (Mintek)
Gold in Sulphides Sulfides of Fe Yes Bio-Oxidation 0.02+ 2 yrs old 10 Years Tonkin Springs
(Lower Grade) As. etc. Leach Newmont Gold Quarry
Encapsulated Gold Quartz Veins Some Not Recoverable 0.03+ In R&D 5-10 Years Newmont-still in
in Quartz & Sands Difficulty by Present Methods R&D
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3) COMPLEXED
MINERALIZATION
Gold in Ganque Yes, by To be Determined 0.02+ In R&D 2-5 Years IPM & Others
In Process of Minerals, Si, Modified and (Some Success)
Documentation Clays, Alkali Chemical
In Process of Gold in Micro Yes, by To be Determined 0.02+ In R&D 2-10 Years IPM & Others
Documentation Clusters & Modified and (Some Success)
Organics Chemical
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</TABLE>
10
<PAGE>
B.1.3 Material Events Associated with Black Rock...
...
B.6 Stages of the Mine Development Process, an overview
There are four basic stages to the mine development process. These stages are
common throughout the industry, and every mining project must pass through them
regardless of the mineral being sought and the form in which that mineral is
presented. The first stage involves conducting exploration work on a property to
determine the potential for finding minerals; the second stage involves the
development of a resource statement on the property; the third stage involves
conducting feasibility studies to evaluate extraction methods and engineering
design to determine the potential economics of a property; and the final stage
involves the ultimate engineering design and construction of the mining and
milling production facility.
Stage 1, Initial Exploration, involves evaluations, studies and tests of the
property for mineral content. The objective of this work is to determine the
potential geologic environment of the property, to expand the knowledge of the
geologic target or to identify potential new or hidden geologic targets, and to
quantify and place the property into a geologic model. In the case of the
Property, a major factor in achieving the Stage 1 objectives is having an
accurate test to determine the amount of mineralization in a given sample.
Generally speaking the initial exploration stage can take approximately 2 to 10
years.
Stage 2, the development of a Resource Statement, requires an area be drilled
to depth and width according to a certain spacing formula (i.e. holes so far
apart, samples taken every 'x' number of feet) in an effort to determine the
aggregate amount of mineralization that is likely contained on the property
and the area(s) in which the mineralization is concentrated. Mining
geologists and engineers examine the data from the drilling program and
integrate that information into a statistical model to estimate average grade
and tonnage which "defines" the specific portion of the property tested. The
completion of a Resource Statement allows a company to quantify the economic
value of the precious metals on the property and then make a pre-feasibility
determination as to whether there are sufficient quantities of mineralization
to commence the feasibility study stage. Generally speaking the Resource
Statement stage can take approximately 1 to 2 years.
Stage 3, Feasibility Study, evaluates the extraction methods, engineering design
and the environmental and permitting factors and costs for a specific property,
as well as estimates of all of the costs associated with the extraction and sale
of the recovered metals/product to determine if there is an economic basis for
actually building a mine on the property. The study is applied to the resource
that has been defined in the second stage of this process, however additional
drilling may be required. The concentrations determined by the Resource
Statement become the benchmark for planning the mining and milling operation to
ensure the highest percentage of precious metals will be recovered. Generally
speaking the feasibility study stage can take approximately 2 to 4 years.
Stage 4, Construction and Operation, is the final stage of mine development.
Reaching this stage is wholly dependent upon the results of the Feasibility
Study. The engineering design, construction, development and operation of a
producing mine can require the outlay of hundreds of millions of dollars and
therefore is a step considered most seriously before commitment of that
magnitude is made. Generally speaking the design, construction and development
stage can take approximately 1 to 3 years.
C.1 SEGMENTED INFORMATION
Didn't find ANY Auric info, but any investor in these dirts better well
read these sections, segmented or not, John Yellich
did a masterfull job of putting this together.
He Actually called me about the effert he put into
this, as the new CEO, I think we can think him at
IPM for educating all of us DD investors! That Salts
Info is just the quilt and the blanket that is all
connected by the same thread, Salt is the key to
this process! I will stop and walk the beech if this
damn rain stops. I heard it is pouring in Tucson today!
Maybe the Hassey also.
Chucauptsalt-hexoctahedral-NaCl-Bob Barefoot is big on this. Mongoose! |
