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DUMONT NICKEL MINE, QUEBEC, CANADA
Dumont is No 2 on the Mining.com list. I will check separately from Mining Technology that is useful to cite details:
"As per June 2013 estimates, the Dumont deposit has PROBABLY RESERVES of approximately
1 B I L L I O N TONNES GRADED AT 0. 2 6 %.
"The PROVEN reserve are estimated to be 1 7 9 MILLION TONNES GRADED AT 0. 3 2 % nickel and the project life is estimated to be 3 3 years."
My Comment:
So, in doing further due diligence, one will see that the MINING.COM RANKING was done on the "probable reserves" GRADE OF 0. 2 6 %.
Proven reserves are 0. 3 2 % GRADE for nickel.
[Ref: Dumont Nickel Mine, Quebec- Mining Technology. To check, put this title into the search engine. ]
It is obvious that Mining.com took the data at a certain point and Mining Technology at another point.
POW METALS HOLE 1 IS PART RESULTS AS FAR AS I AM AWARE WITH EVEN THE 300M [or over?] open so more to analyse.
SO, THAT PROVES THAT 1 HOLE AT MOLOPO WITHOUT AN O V E R A L L GRADE FIGURE MEANS THAT IT WILL TAKE SOME TIME UNTIL EVEN A MAIDEN RESOURCE STATEMENT WITH AN OVERALL GRADE when ALL HOLES ARE ADDED AND INPUTTED INTO GEO SOFTWARE TO PRODUCE OVERALL AVERAGE GRADE.
FOR THIS REASON, POW*S 8 APR 2021 RNS HAS A RANGE OF GRADES % BROKEN INTO DIFFERENT METRES. N O O V E R A L L G R A D E WAS GIVEN AND CANT BE AT THIS STAGE.
So, NO CONTEXT was meant - DIFFERENT GRADE RESULTS TELLS ONE HOLE 1 MOLOPO FARMS HAS NO O V E R A L L GRADE GIVEN YET. So, it is educational at this stage.
Tues, 13 Apr 2021
That latter post neatly puts the top 10 comparison into perspective news ty. The results to date are promising but no more than that as POW appear to be targeting discontinuous veins in a series of deep verges
AquaeSulis01
Answer: When these world class projects are RANKED ie Top 10 in the world, one cannot
CHANGE the stats in any form from Mining.com, a respected site.
So, the Management By Objective of posting the Top 10 Ranked Nickel projects is to ILLUSTRATE what sort of GRADES is the O V E R A L L deposit.
One will find that if one looks at say Mining-Technology for any deposit, they and OTHERS will not break the 1 core or cores but rather the WHOLE DEPOSIT*S OVERALL IS GIVEN. This is derived from the JORC or PFS or such like ETC.
So, my management by objective is to ILLUSTRATE only. On another POW forum, one chap said that the X and Y etc. Obviously, WITHOUT knowing EVEN basic GRADE % OF THESE TOP 10 NICKEL DEPOSITS, folks think the ranked projects are into very high % grades.
So, a look is useful and EDUCATIONAL.
If one wants to look deeper, one can do so. However, at this time, whilst it is said that the reported hole is "300M" OR "OVER 300M", it is said to be open and from what I understand, not all were tested in the 1st round as parts were sent. Hence, why said to be "open."
If you would kindly NOTE, the OVERALL was not given by POW - that needs special geological SOFTWARE to do so. So, unless one is a specialist or economic geo etc, one will NOT have the software nor the qualifications. The OVERALL CANNOT BE GIVEN UNTIL THE WHOLE CORE IS FULLY ANALYSED.
Otherwise, folks are sitting here wondering what these grades ALL MEAN? IN WHAT CONTEXT? Are they LOW, MID OR HIGH?
FOR THE AVOIDANCE OF DOUBT; I POSTED DIRECTLY FROM THE POW, 8 APR 2021 RNS OF THE FULL RANGE OF NICKEL GRADES IN %, LEAVING NOTHING OUT.
So, any more seasoned investor will KNOW the basic*s of stats from the TOP 10 RANKED NICKEL PROJECTS.
I have NOT done more work on the ranked 10 because UNTIL WE CAN GET THE FULL INTERSECTION LENGTH FULLY VERIFIED WITH RESULTS + GRADES OVER THE W H O L E CORE , NOT PART/S, IT IS NOT POSSIBLE TO KNOW. ONE SEES RESULTS FROM OTHER CO*S OF COPPER ETC EG HOLE 1 RACECOURSE 920M @ 0.33% CU EQ [breakdown given for just cu copper at 0.3% cu] OVERALL. This has NOT happened yet at POW so one can one educate GENERALLY WHAT ARE GRADES ONE IS LOOKING AT?
Hope that clarifies.
News, Tues 13 Apr 2021
news, don't take stats out of context. For instance Crawford Canada has "Higher grade mineralization of 0.30% nickel over core length of 308 metres, including 153 METRES of 0.32% nickel and ending with an additional 36 metres at 0.32% nickel"
"World*s Top 10 NICKEL projects."-Mining.com, 17.3.21
https://www.mining.com/featured-article/ranked-worlds-top-10-nickel-projects/
"No: 1 NORI -Pacific Ocean 4.83Mt GRADE: 1. 4 %
No 2: Dumont -Canada 4.3Mt GRADE: 0. 2 6%
No 3: Decar-Canada 2.4Mt GRADE: 0. 1 2 %
No 4:Turnagain-USA 2.3Mt GRADE: 0. 2 2 %
No 5: Twin Metals-USA 2.3Mt GRADE: 0. 1 8 %
No 6: Sangaji -Indo 2.09Mt GRADE: 1.7%
No 7: Goongari, W.Australia 1.7Mt GRADE: 0. 69%
No 8: Crawford-Canada 1.68Mt GRADE: 0. 2 6%
NO 9: Mesaba-USA 1.6Mt GRADE : 0. 1 0 %
No 10: Wingellina, W.Australia 1.5Mt GRADE: 0. 93%
POWER METAL - MOLOPO FARMS COMPLEX-BOSWANA
A.Bell, Chairman of Power Metals tweeted : "AND NICE GRADES, REALLY NICE."
8 Apr 2021
https://twitter.com/RRR_RedRock/status/1380164505284571136
To see the grades for Molop Farms assays, click above RNS icon of 8 Apr 2021.