Ann: High Grade Gold Intercepts at Chatree - Updated Table 1, page-8

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subi1

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10/01/24

08:59

Post #: 71804009
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Originally posted by danbradster: ↑

This is a satellite image from last year:
This is the image from the announcement.

The water level looks to be identical, so I think the water level is outdated, as they mentioned pumping from A North back in August. The water level should be down by now - no update given? It appears they've done some visual editing to show pit levels/benches, and the levels below the water line.

If LG is feeling frisky, he can jump this back fence next to A North and take a photo for us (or send up a drone - Thailand having some drone restrictions though). If they're mining Quartz (in the day time), expect security to be called.

20m through this stuff, then begins a 50 meter vertical drop into the pit. You'll be right above the pump.

There's a public view into this pit from the road, but it's A North and A Main that we're interested in, not this one.

And public views of the haul trucks:

But seeing the grade control drilling update, it looks like there's a fair bit of mining that can be done at surface in Quartz, before definitely having to merge with a de-watered A North.

According to that August article, without dewatering they could do 6 months mining before having water level issues. But if they've been dewatering since then (if not being delayed by the community water use agreement), then the 6 months would have changed to 12 and soon 24 etc. We should be able to mine and dewater until the pit is dry, without pausing the mining.

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They did say they could shift the water from A pit North to other storage facilities on site and that was in August.

KCN Price at posting: $1.29 Sentiment: Hold Disclosure: Held
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0 Great analysis

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