Ann: Deflector Mine Geology Update, page-37

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Money made

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10/06/18

21:46

Post #: 33627019
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Originally posted by kitchris ↑

Narrow vein mining in hard rock metal mines is very much a specialist skill, especially where the orebodies are sub-vertical, the rock quality conditions can vary and the mineralised structures are complex and structurally controlled. The Deflector Mine speaks to all these factors.

The recent high grade discoveries are particularly significant, because geological understanding, orebody grades, Vertical Tonnes Per Metre (VTM) and ground conditions are critical issues in successful and profitable underground mining. The relative importance of all these factors is:

Geological understanding

Grade (Grade is always King)

VTM

Ground Conditions

On geological understanding, the technical team at Deflector are gaining greater knowledge of the geological complexity day by day. This can lead to further discoveries.

Grade, despite the narrow real widths, is exceptional by any standards.

VTM is increasing as further discoveries are made within the mine complex. The reason that VTM is important lies in the fact that a lot of underground development which in some mines will only serve one orebody, in the case of Deflector, serves multiple orebodies, thus reducing the overall operational mining cost.

Ground conditions play no small part in safety and mine dilution. I personally see these orebodies being mined through some form of hand-held and mechanised cut-and-fill, using paste fill in the voids to enable extraction of pillars left behind in the primary mining phase.

Overall, I’m pretty excited by what is coming out of DRM and maybe they’re on the cusp of building themselves back into a substantive mining company.

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Drm’s narrow veining reminds me of a another stock that i’m into that has made another high grade bonanza discovery. (I’m not cross promting here) just pointing out similarities between both stock high grade discoveries. GLTAH’s and yes i am a DRM shareholder as already reported in a previous post that i did.
Last edited by Money made: 10/06/18

DRM Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Ann: Deflector Mine Geology Update, page-37

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

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