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Yeah so the scoped mining plan is to open a few new pits and cut back a couple of old pits to get some money into the company for the deeper diamond drilling under historic high grade shaft mines that average less than 200 metres of depth.Schematic of the 1990's pits and historic shaft mines showing u/g grades and ozs in blue[ATTACH=full]121947[/ATTACH]Open pit mining ceased in 1999 and inveterate goldbugs know about the untempting price of gold back then and the understandable deep lack of interest in mining it. The Menzies gold field was one of W.A's best and it wasn't abandoned because of lack of gold. The pits themselves have had no deep drilling done (that I know of), all the Menzies drilling so far has been to extend or infill shallow open pittable resources on a path to contract mining and toll milling. The ore in the scoping study sounds excellent, they expect open pit mined material to be 1.7g/t but will be selecting out higher grade stuff for the toll mill at 2g/t. Gold recovered at mill from ore is expected to be 95% for 147,000 ozs.The deep drilling underneath the historic shaft mines will be for the big prize(s). As said, these old shaft mines were only < 200 mtrs deep on average; the deepest was 600 mtrs and they pulled an average 22g/t Au out of them. They were abandoned in 1943 , WW11, water ingress, gold prices, under capitalisation and I would guess manpower were issues. Most of these assets will have deep drilling for the first time and will have the benefit of modern drilling and targeting technology. They will also be looking for analogues, along strike and parallel, probably under cover.But first the money - from the pits.
Yeah so the scoped mining plan is to open a few new pits and cut back a couple of old pits to get some money into the company for the deeper diamond drilling under historic high grade shaft mines that average less than 200 metres of depth.
Schematic of the 1990's pits and historic shaft mines showing u/g grades and ozs in blue
[ATTACH=full]121947[/ATTACH]
Open pit mining ceased in 1999 and inveterate goldbugs know about the untempting price of gold back then and the understandable deep lack of interest in mining it. The Menzies gold field was one of W.A's best and it wasn't abandoned because of lack of gold. The pits themselves have had no deep drilling done (that I know of), all the Menzies drilling so far has been to extend or infill shallow open pittable resources on a path to contract mining and toll milling. The ore in the scoping study sounds excellent, they expect open pit mined material to be 1.7g/t but will be selecting out higher grade stuff for the toll mill at 2g/t. Gold recovered at mill from ore is expected to be 95% for 147,000 ozs.
The deep drilling underneath the historic shaft mines will be for the big prize(s). As said, these old shaft mines were only < 200 mtrs deep on average; the deepest was 600 mtrs and they pulled an average 22g/t Au out of them. They were abandoned in 1943 , WW11, water ingress, gold prices, under capitalisation and I would guess manpower were issues. Most of these assets will have deep drilling for the first time and will have the benefit of modern drilling and targeting technology. They will also be looking for analogues, along strike and parallel, probably under cover.
But first the money - from the pits.
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