CRK 0.00% 26.5¢ carrick gold limited

Yes and no because its skinny it will be very difficult to mine...

  1. 1,341 Posts.
    Yes and no because its skinny it will be very difficult to mine from an open cut perspective. 3g/t is more than an OK grade for an open cut operation - as long as it is your recovered grade. From the small number of diagrams I have seen suggest that its relatively shallow dipping 30 to 40 degrees. I know I am repeating what I have said to you before, but for an underground operation you would need six to seven grams. Because its skinny, the tonnages are not there per vertical metre removed, which will make any mining operation marginal even if you could over-come the grade control nightmare because its so thin. Although to be fair, its incredibly difficult to understand how thick it is from those diagrams. You have to average the drill data to get an idea.

    Note that this company has had substantial resources for some considerable period of time. Toll treatment has supposedly been a real option for years.

    As for the future? Probably much the same. More drilling, more resources.
 
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