CLASSIC MINERALS LTD (ASX:CLZ) - Ann: INFILL DRILLING RETURNS HIGH GRADE GOLD INTERCEPTS - KAT GAP, page-62 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by lindentree: ↑

More irregularities here than you can poke a stick at...

(1): Refer to the drone photo Fig. 1 on page 4. They have another excavation going on in the background which looks like alluvial mining in gravels. (Note: Companies can apply for pushing large tonnages of gravel for metal detecting, but few to zero number of companies ever report the results, the contracts they have with alluvial prospectors are usually hand shake agreements).

CLZ did make an application for "Excess Tonnage" on 3rd May 2021 and withdrew that app. on 11th May 2021. This Excess Tonnage application is the type of application that applies to alluvial mining, and is not related to CLZ's 50,000t approval for the trial pit.

The alluvials at Kat Gap have been an untapped resource up to this point, at least as far as pushing dirt goes, because nothing shows up on Google Earth forthe past 20 years, At the same time being some of the most impressive alluvial numbers I have ever seen in my time prospecting.

Again on Fig. 2, page 4 of the announcement you can see a line of drillholes beyond that new excavation extending in a westerly direction. This line of holes had auger surface assays approaching 1g/t. The maximum auger sample of over 2g/t is between the bulk sample pit and the new excavation. The proterozoic dyke runs through the camp site past the left side of the new excavation and the left side of the mentioned drill holes. This line which represents the northern side of the dyke was highly anomalous for alluvial gold in AUGER samples and in the drill holes to a depth of 4 metres. And is a prime target for deep metal detecting. (The excavation is about 4m deep).

I have no problem with metal detecting as a first mining approach because it helps to define fault positions prior to further exploration drilling. (Ore bodies that are essentially vertical will not shed gold far from the source AND will have mapped profiles showing sharp peaks almost above present ore positions... as IS evident at Kat Gap).

I do have a problem with companies that fail to inform shareholders of their activities in this regard...The evidence that we should have reason for concern, and why this comment is appropriate and on topic is on display in the current announcement, page 4. There is clearly an excavation in gravels and there is no explanation for it in ASX announcements. If anybody at CLZ has a problem with shareholders speculating on their activities the solution to the problem is in their own hands...FULL DISCLOSURE.
(2): Priorities should be on producing gold from the ore at grass, and yet they choose to spend money on further work that wont enhance the minability of what has already been defined on a 10m x 10m grid.
Where's the easy work to get mining? Tailings dam approval? Where's the water quality and flow/ recharge results? Where's the process testing results? These things cost bugger all.
We know already you will get about 75% recovery from a relatively clean gravity process. We've all seen the free gold in the dish. We also know that some of the shallow gold is very high grade... (66g/t at 12-13m right in the centre of the trial pit). Why not get the high grade, recover the easy gold and leave 25% in the tailings for later. (Or ship high grade tailings to Marvel lock later). Just 250t of high grade ore could produce $1.25 million. At the claimed plant capacity, that's less than one full day's operation.

BTW I think the line up of 14 yellow jackets on page 4 of the announcement is a lovely touch, but no names or job descriptions to show the participants pride in participating in the process about to unfold.

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Regarding my comment about the alluvial (?) excavation eeen in the announcement, I've talked to a mate about the details of these type of operations and he tells me that once a company has assigned the aluvial rights to prospectors, then it is up to those prospectors to apply for work permits environmental approvals and complete rehabilitation etc. After that it's a matter of trust. I believe the company has an obligation to report the details of these agreements, the amount of gold recovered and the companies share, but I dont know the legal requirements.