Potential PGE Mine
in response to
by
posted on
Apr 08, 2008 09:48PM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
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What are you saying about banking on a PGE mine and excluding low concentration nickel. What levels will determine a PGE mine?
Hi Romeo,
the first time I mentioned the potential of a high grade PGE mine was back in November on the Noront forum:
http://www.agoracom.com/ir/Noront/me...
" I think it has been realized only to a small extent that we have a high-grade PGM mine with DE if the grades keep comming in like this."
After that I did a lot of DD on PGE mines and posted my findings.
Please find the copy below:
http://www.agoracom.com/ir/Noront/me...
Posted by: FANTOMAS on February 21, 2008 06:17PM
In response to: Just spoke to Richard by glorieux
Glorieux: RN: " He stated that we had enough PGE's to generate a mine just for this. "
I mentioned this back in November last year and will do it again: in my opinion we have a VERY, VERY high potential for a PGE mine at Double Eagle ! And a nickle mine ! And a copper mine ! After the latest news we now have confirmation that DE is carrying the WHOLE GROUP of ALL 8 precious metals with gold, silver, platinum, palladium, rhodium, ruthenium, osmium and iridium ! Keep in mind that the following results of my DD are just accounting for the normally quoted 3PGE content (meaning platinum, palladium and gold). We now have economic grades of the other precious metals as well which makes it even more interesting ! After a lot of DD I come to the following conclusion: PGE-analysis for Noront´s Double Eagle find: The Bushveld Igneous Complex (BIC) in SA is the area with the most PGE production worldwide followed by Norilsk Nickel´s Polar Division top mines (Oktyabrsky und Talnakh). South Africa (59%), Russia (28%), Canada (5%) and USA (4%). For comparison I mention the metal (head) grades of the top mines / areas in the PGE business (in g/t for 3E-PGE, meaning combination of platinum, palladium and gold):
And now compare this to the Double Eagle figures (again in g/t for 3E-PGE): #01: 2,9 g/t #02: 4,3 g/t #05: 9,6 g/t #07: 10,6 g/t (!!!!!) #09: 8,0 g/t #11: 4,5 g/t #12: 3,4 g/t #14: 3,9 g/t #16: 3,7 g/t #17: 4,0 g/t #18: 5,3 g/t #19: 2,6 g/t #20: 2,2 g/t #21: 2,7 g/t #22: 1,6 g/t #23: 6,9 g/t #24: 4,5 g/t #25: 1,9 g/t #27: 15,1 g/t (!!!!!) #29: 4,2 g/t (These are the average grades per hole, some of them with very good lenghts). If we look at the most prominent intervalls, you have to come to the conclusion that if we get the tonnage and similar grades, DE ranks very highly in the PGE list of worldclass deposits and therefore will be interesting for the "Big Players" in this business: NOT-07-05: 4 4 , 7 4 g/t over 2,80 m and 2 2 , 3 7 g/t over 14,30 m
http://www.infomine.com/commodities/... http://www.infomine.com/commodities/... http://www.mbendi.co.za/indy/ming/pl... http://www.platinum.matthey.com/uplo... http://www.platinum.matthey.com/prod... http://minerals.usgs.gov/minerals/pu... http://www.platinum.matthey.com/prod... http://www.mininglife.com/commoditie... http://www.mininglife.com/commoditie... http://www.kitco.com/charts/livepall... http://www.kitco.com/charts/liveplat...
Best Regards, FANTOMAS |