5 gold zones, each one is up to several meters in thickness for a total of 20 meters width, within a 65 meter width belt that extends for at least 500 meters .
WCN has already identified ON SURFACE high grade "free milling" gold within that zone so a trial mining operation aimed at a high grade zone measuring 100 meters in length, 25 meters in depth, and about 75 meters wide generates 125,000 tonnes of trial ore over 12 months. Assuming a head grade of 5 -8 g/t (after dilution) provides 20,000 - 32,000 ounces valued at US$26,000,000 - US$41,600,000.
Trial mining could be completed with leased equipment provided by contractors operating at about 15 tonnes per hour. Assume OPEX at 75% of revenues or US$975 per ounce allows for free cash flow of US$6,500,000 - US$10,400,000 to fund WCN and complete a very substantial "drill out" of 3,000 meter strike line and other targets.
Processing will only involve crushing and gravity separation, so NO CIL or heap leaching is required, so permitting requirements for trial mining will be minimal. Drill out of first open pit to a depth of 25 meters, width of 65 meters and strike of 100 meters requires 8 shallow holes at 25 meter spacing.
Current program is aiming multiple holes into first target zone at 50 meter spacing. Assuming this program is successful then follow up program will entail an extra 4-6 holes to infill at 25 meter spacing, which would take an extra 2-3 days to complete.
Planning for a very simple, shallow open pit trial mining operation could be completed within the next two quarters.
- Forums
- ASX - By Stock
- WCN
- Conceptual hi-grade gold target 10-30 million tonnes
Conceptual hi-grade gold target 10-30 million tonnes, page-8
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WCN (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $43.90M |
Open | High | Low | Value | Volume |
2.3¢ | 2.5¢ | 2.3¢ | $95.72K | 4.000M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 4644810 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 4644810 | 0.023 |
18 | 4416436 | 0.022 |
17 | 6107836 | 0.021 |
15 | 2909649 | 0.020 |
7 | 834962 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 200000 | 1 |
0.025 | 5115795 | 12 |
0.026 | 2958333 | 5 |
0.027 | 3231371 | 15 |
0.028 | 3024000 | 8 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
Featured News
WCN (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online