re: Ann: Significant Gold and Copper Minerali... "The structural significance of this area cannot be understated. There are three mineralised structure converging here, none of which have been tested in this particular location"
Steve is not one to overstate anything so to me this is extremely positive for Kundip and the Phillips River Project.
I'm no mining engineer or geologist so I may be totally wrong here with my following theory.
Originally Tectonic were looking at a series of smaller open cuts (to extract the oxides) followed by some underground activities to follow the deeper plunging sulfide loads but to me it is starting to look like it may be possible to consider a larger scale open pit encompassing the Kaolin/Hillsborough and Gem Restored areas (something like 1000m in length, 600m wide and 200m plus depth. Obviously a hell of a lot more drilling is needed to confirm this (such as the significant untested taget area of the intersection of mineralised structures) towards Harbour View North. Hell if this next series of drilling comes up trumps I feel it could change the whole way Kundip is approached from a mining perspective.
It may be that TTR could further delay the Scoping Study until further drilling is completed to consider a far bigger picture!
Any comments from anyone who has some experience in open pit mine evaluation and design? Am I way off the mark?
Add to My Watchlist
What is My Watchlist?