I refer to an announcement of 13th August 2018 where one of the sentences stated ,
Weathered host rocks mineralisation close to surface suggest a potential for
"Free Dig Mining". This has a significant meaning when we also refer to a previous
comment that the rocks were so soft they were unable to obtain proper core samples
and the reason for looking at gold recovery by leaching methods "Tests reveal fast
leaching with high gold recovery "due to the soft rocks.
The Toll option with Challenger is not a viable option due to the WPG problems.
So all makes sense the first 50 metres is ideal for Free dig mining . If you look at
the latest announcement where the current round of RC drilling will occur just focus
on the red dots that's where Free dig mining will most probably occur especially in
sections 24 to Sections 28 .Most of the mineralisation is already at 1 g/t and above
and this is where the highest readings are to be found so you could say for the exercise
3 g/t average most probably higher . Sections 24 to S28 cover an area say 125m x 125m and
50m deep and all this can be scooped up with the conventional excavators and graders and
a couple of haul trucks. Even if the costs were $600 ( maybe less) an ounce by these methods
Marmota would be cashed up for a very long time and would be able to explore all the other
tenements surrounding Challenger without a Capital Raise again. Not sure what the cost of
a portable leaching unit would be either. Still some work to do but as each day passes at Aurora
Tank its shaping up like a winner to me . So heading in the right direction and some very
exciting times ahead.
- Forums
- ASX - By Stock
- MEU
- "Free Dig Mining "
"Free Dig Mining "
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEU (ASX) to my watchlist
|
|||||
Last
4.0¢ |
Change
0.002(5.26%) |
Mkt cap ! $43.46M |
Open | High | Low | Value | Volume |
3.8¢ | 4.0¢ | 3.8¢ | $11.63K | 305.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 173978 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 403509 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 173978 | 0.038 |
1 | 200000 | 0.037 |
6 | 336027 | 0.036 |
3 | 240000 | 0.035 |
2 | 600000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 403509 | 3 |
0.041 | 7700 | 1 |
0.042 | 299540 | 2 |
0.044 | 164994 | 2 |
0.045 | 205833 | 1 |
Last trade - 15.54pm 23/08/2024 (20 minute delay) ? |
Featured News
MEU (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online