PRX 0.00% 0.3¢ prodigy gold nl

One to two weeks delay to commissioning due to transport delays...

  1. 13,808 Posts.
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    One to two weeks delay to commissioning due to transport delays (not a significant delay) but plenty of good news on initial mining.

    “Of note, there is a considerable zone of thickened multiple veins in the Old Pirate South area covering a much larger
    footprint than previously sampled. Furthermore, new quartz veins and extensions of known quartz veins
    are being identified on a regular basis and are being sampled for possible inclusion in the processing.
    We are frequently observing both coarse and fine visible gold during mining."

    This is also very positive news and might confirm my expectations of better grades from mining.

    “ABM is trialling two techniques to selectively mine the
    high-grade quartz veins. The first technique uses an excavator to trench the quartz veins directly from
    surface. The minimum trench width for this technique is approximately 80cm. Once veins have been
    followed over their whole strike length, the waste is removed from either side of the veins completing
    the bench and mapping and sampling takes place in preparation for the next bench of mining. The
    second technique involves “facing off” where the waste from the hanging wall side of the vein is
    removed first. The excavator then pulls the vein into the void left from the excavated waste rock and this
    technique has a minimum mining width of approximately 50cm.
    It is important to note that the existing resource estimation (refer release 04/02/2013) used a minimum
    1m sample composite and hence, for veins less than a metre wide, inherent dilution was assumed in
    the resource model. Reducing the minimum mining width to between 50cm and 80cm will have a net
    effect of increasing the overall grade. This dilution management is a key test of the Trial Mining and,
    based on observations to date, results indicate Old Pirate high-grade quartz veins can be selectively
    mined to achieve higher grades from lower processed tonnes than in the model.” (model assumed 1m dilution width)

    WL vein narrow on surface but this is known to widen below surface as demonstrated by drilling.
    Overall sounds very positive especially the expected reduced dilution.
 
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