Member Info for Bamps21

I'm being quite cautious about the expectations of the drill results. I always check the weather at Telfer and besides the extreme heat there's been a few thunderstorms in the last 2 months.
I've seen a piling rig hit by lightning, it's a bit frightening, so I'm expecting some down time.

I'm also not expecting MRE updates on every drilling report, they time and money to produce.

Hi Conder
Are you asking to show you a miner or mines with these levels.

Newmont at 1 Dec 2020 AISC was over $1,000 but one of their mines in the US came in third in the lowest cost mines in 2019 at $530.

It's the same with Newcrest Cadia is less than $200 but Telfer has raised the average and is way over $1,000.

Cadia' AISC has been lowered by the opening of their molybdenum plant contributing $90m of profit which would be classed as a credit

Hi Pete
I've worked through the figures not using averages and came up with 7.22 oz per 100 ton after the recovery rates.
Using the recovery rates came up with 3.9m oz gold equivalent

Hi Hydrogen
Topsoil strip, Roads and drainage first.
The first evaporation pond needs to be formed and then lined with the clay material out of the box cut, then the HPDE liner laid on top.
The water from the box cut needs to be drained somewhere, the floor of the box cut is an aquifer so initially it will be wet
ATB:))

Hi aidin
The policy of the company is to explore licence areas and bring them to a position of pre- mining and divest and move on.
I'm hoping Shaun has been brought in to change this current policy.
It actually says on the Warrentina RNS that they want to divest it.
They are both really good licences but they are both not in our core area.
ATB:))

If there is a choice to keep either Firetower or Warrentina my choice would have to be Firetower.
A licence with some good historical surveys .
stream analysis have found 320g/t au.
Geochemistry analysis.
gold 4,450ppb
copper 3.2%
3 zones central 1,000m strike.
west 800x400m
east 2km
it's got well over a million ounces in the central zone alone and loads of copper.

I didn't start posting here until after Newmont decided not to pursue their interest in Ernest Giles but I did read most of the posts and I have to say last weeks debacle was far worse in my opinion.
It's no wonder Magic lost his cool and he said everything I was thinking.

In hindsight this is what I posted sometime ago on my opinion of the Ernest Giles situation.

Looking at the drilling results I don't believe they were understood and the context when they were issued.
The 2016 drilling were mainly wildcat exploratory holes.
The 2018 drilling focused on finding the anomalies using Newmonts Deep Sensing Geochemical survey 13 out of 23 found the anomalies over a large area. These results looked fairly good to me but the timing of the results was unfortunate for EG, which came in between the gold nugget news at Blackhills and the first drill results at Havieron.
Of course the Havieron results out shined
EG and Gervaise issued this statement on 27 Sep 18
"Gervaise Heddle, Chief Executive Officer, commented: "We are pleased with the results received from our recent drilling campaign at Meadows. The extension of the known zones of gold mineralisation at Meadows represents another step forward in advancing this early stage exploration project.

"The Company is in a very fortunate position of having six quality projects in its portfolio with a major drilling campaign ongoing at Havieron and results awaited from the 3D Induced Polarisation ("3DIP") survey at Black Hills. We are looking forward to reviewing results from these campaigns before deciding on the next steps to deliver the most shareholder value from all projects across our portfolio."

That statement said it all for me
'an early stage project '
reviewing results from Havieron and Blackhills to deliver the best shareholder value.

I hope in hindsight the doubters will look back at Scallywag and pause for thought

Differences between RC and Diamond drilling:-
There are reasons why they have to change from Rc to diamond core drills.
Firstly the rotary drill waste comes back up the hole as dust and gravel bits by compressed air pumped down the outer sleeve of the drill string and back up the inner core into sample bags. It destroys the geological make up. They're relying on experienced eyes looking at the waste, same as in oil exploration with experienced eyes looking at the shards coming up with the drilling fluids.

Secondly and possibly the reason the RC drilling progress became to slow due to the hardness of rock strata.

If anyone has ever tried to drill into a hard brick or concrete without a hammer drill you will know what I'm getting at.
These RC drills have no hammer drill features.
Quartz, iron oxides, chalcopyrites, magnetite would all be difficult for an RC drill but not for a diamond drill.
The information from a core drill would be far more important than the RC dust.

I've taken this from the appendix at the end of the last Havieron drilling update

Drilling Core Samples
Core recovery is systematically recorded from the commencement of coring to end of hole, by reconciling against driller's depth blocks in each core tray with data recorded in the database. Drillers depth blocks provided the depth, interval of core recovered, and interval of core drilled.

Core recoveries were typically 100%, with isolated zones of lower recovery.

Cover sequence drilling by the mud-rotary drilling did not yield recoverable samples.

What does it tell us?
It looks like the latest drilling recovered 100% cores from the length of the drill holes apart from a few isolated sections.
The amount they drilled that's some feat.

The next item shows their logging procedure

Geological logging recorded qualitative descriptions of lithology, alteration, mineralisation, veining, and structure (for all core drilled - 24,644m from 34 drillholes, all intersecting mineralisation), including orientation of key geological features.

Geotechnical measurements were recorded including Rock Quality Designation (RQD) fracture frequency, solid core recovery and qualitative rock strength measurements.

Magnetic susceptibility measurements were recorded every metre. The bulk density of selected drill core intervals was determined at site on whole core samples.

All geological and geotechnical logging was conducted at Havieron site.

Digital data logging was captured on diamond drill core intervals only, and all data validated and stored in an acQuire database.

All drill cores were photographed, prior to cutting and/or sampling the core.

So their logging database is an acQuire system.
Their Gim Suite 4.2 logging system is suitable for mobile phone input by the drilling team and sent directly to the database for input

So the next Scallywag drills please don't expect much difference in minerals but look at the additional geological details it w

That looks better

hi thelearner
There is an isometric view of the Decline tunnel, the spiral and then below this there is a double tunnel one on top of the other heading towards the centre . Looks like they will go down vertically to remove the High grade ore from the Breccias.
The timeline chart shows the excavation of the Decline starting May/June, the vertical ventilation shaft starting Dec, the tunnels to the centre will be 2022.
Lot to do in next two years to get production started of the high grade area.
Hopefully by that time the PFS,FS and decision to mine will be issued.
Then the main Decline will start, I estimate a Decline length of 8,500m to get down 1200m vertically.
The Olympic mine in SA has 45km of Decline tunnels and shafts.
ATB:))

There are a few here who really don't research,read or listen but keep posting unresearched nonsense on dusters and failures.
Please go away and research what exploration is all about and come back with facts to back up your statements.

The first holes at Havieron were shallow they didn't have the modern survey techniques to know how far to drill.
To get through 420m of cover is a lot to get through with nothing to show in it, the clay bearing layers may have hampered progress especially with 2 aquifers to get through

Hi Texlax
Warrentina does have some strong results.
It's a long north to south licence stretching over 10,000km.
It has 4 goldfields Forester in the N, Warrentina in the centre,
Derby N further down
Golden Mara in the S

This was a bit from the last RNS on Warrentina only 11 months ago:-

Greatland previously conducted limited Reverse Circulation (“RC”) drilling at Derby North, which outlined a gold mineralised system approximately 150m long and 100m wide, open to the north, east and at depth. The Company has now completed its maiden diamond drilling programme at the prospect with three diamond holes for a total of 285m of drilling. This targeted drilling campaign was designed to provide a better understanding of the host rocks, type and tenor of gold mineralisation, and highlight any structural controls. Laboratory assay results have now been received and are announced today.
Highlights of Drill Results
• Maiden diamond drill programme at Derby North prospect intersects high-grade gold mineralisation and increases depth extent of known mineralisation.
• Best results include:
o 21.7m@3.3g/tAufrom9.3m(2019WTD001),including
? 2.2m @ 12g/t Au from 10.8m
o 11.7m@2.8g/tAufrom115m(2019WTD002)–a new zone of gold
mineralisation beneath previous drilling
o 43m@1.5g/tAufrom10m(2019WTD003)

• Results and data collected from the drilling programme are expected to assist with potential divestment of the project, in line with the Company’s strategy to seek to divest non-core projects.

You can see from this at present it is not seen as a core investment and maybe divested.
Depends now on what Shaun does.

You can also see the drill campaign RC first the DD to go deeper.
They also drilled to test the host rocks not just looking for minerals
ATB:))

There was a lot of questions about the drilling yesterday.
Why didn't they go deeper first?
You have to use the right tool for the right situation and within your budget.
It is no good employing a diamond drill if you don't know the make up of the ground conditions. If it's wet clay for instance it would clog it up.
Rotary drills are the tool to use when you are not sure of the conditions but these are not used normally below 600m and are a starter hole.

Why did they go at an angle?
A suitable drilling site would have been located near to the target. No good siting it on top of a sand dune or pool of water. The angle and direction would then be worked out to hit the target.
There maybe 2 or targets they are aiming for and this angle would have been projected to the surface.

What will the other 4 drills tell us?
I believe Kra002 was re entered with a Diamond drill the cores will give the geo's a much better picture of what's down there. The RC drill samples were bags from every 6m so there's less of a picture.

Why is there not so much gold here?
The magma pressures are immense as Magic pointed out at Malartic the pressures were 3,000 bars. This would have the effect in the Wilki of filling and expanding small cracks and changing the rock and magma into quartz veining. In this position we have thin quartz veining with a bit of gold.
As you get closer to the orebody the veins should be wider or thicker.
At Havieron the breccias have lots of quartz veining.

From these drilling results where would they drill next?
In my opinion these drilling logs look so similar for the 3 targets. The mineral alteration in the Wilki makes it look like one continuous target.
Depending on the budget for the next campaign I would like to see 3 deep drills 1 on each target, also more RC drills spreading out from the centre.
These results would then give a clue if the mineralisation is pointing to the ore body deeper or adjacent.

As a gold exploration campaign it was probably disappointing, but the gold veining there is pointing to the orebody.
If you were looking for copper or bismuth though it's probably a case of doing more holes 1.1% copper is high from a small section and a model would need to be formulated. Bismuth anything over 5ppm is high and there seems to be a lot there so again further modelling will be required to assess what's there.
Gold is what they're after though for the Telfer plant

What have Ggp got:-
Havieron:- MRE of 4.2m oz eq a probable Tier 1 asset
a broker price of 33p based on forecast of 12.5m oz
au, cu and cobalt asset
A major joint venture with Newcrest
$50m loan

Scallywag 100%
An underexplored asset with at least a dozen targets

Paterson Range East
4 high priority targets
4 secondary targets
at least 6 other targets

Blackhills
Saddlereef Au,cu asset 1400m long
5 other targets

Ernest Giles
2 No. 5m oz targets
Numerous 1m oz camps

Warrentina
1m oz project

Firetower
1m oz target and another identified

Bromus
Underexplored nickel project

Rudall
An underexplored au-cu target

Panorama
A large Paleo-placer gold field
200-250 square kilometre of cobalt target possibly the largest in WA.

There's no way Scallywag was priced in at 7p

Hi Jet
The cover differs in which ever area they're in. At Havieron there are 5 different layers 2 rock and 3 mud rock with a high clay content.
Air core drills are the cheapest but they struggle with rock
RC drills can cope with some layers of rock and mud rocks
DD is not really suitable for clay materials and best for rock structures and retrieving cores but is expensive .

The best way of planning a drilling campaign is to drill with a RC drill to start with as these are normally used to around 600m after that they are not to efficient .
Drilling costs are reduced dramatically than using Diamond drills.
Also the testing of sample bags of RC drills is far cheaper than the lifting of the cores out of the holes and cutting and testing.
If they find something of interested it's much quicker and easier for the diamond drill to be inserted down the RC hole.

As I said before the area of Kraken, Blackbeard and London is huge and drilling 7 holes into this area is like ploughing a field with a spoon.

Going deep immediately is totally a false, incorrect and costly ineffective plan

ATB:))

Hi andrbea
It doesn't work like that, explorers drill with one of the cheapest drills first when there's been no other drilling been undertaken.
You don't want to Diamond drill until you know there is something there or the rock is too hard for the RC drill.
If there's mineralisation in the shallower target areas it normally indicates further mineralisation below or adjacent.
In the second round of drilling decisions maybe taken to go deeper with the DD drill.
They've drilled 7 holes but in 3 large targets
1 in Blackbeard
2 in London
3 in Kraken
1 in between Kraken and Blackbeard
I would say that's not a comprehensive campaign by any means, but what they are trying to do is increase their knowledge of this extremely large target for a future campaign. Even Gervaise said as much when he said about going deeper in London target to get into the IP coincidence.
To me this is fairly good results for such a sparse drilling campaign.
ATB:))

Hi Dsmith
I think if you have been reading my posts you can see I have been saying for sometime these were deep targets at Kraken, Blackbeard and London.

The 90 odd historical drills are all around the new target called Swan, I have not seen any logs for these but it does look shallow. Not one of these went lower than 130m so it looks shallow.

Hi ProfQ
The molten magma could have traveled that distance but Havieron has it's own source, whether it's the same source is not known at the moment. This is where the district scale resource comes in, if it's the same source then it may well be a district scale resource.
The indications are at present is that it could be, the implications for that happening will be enormous

Hi Jet
The way forward in my view is let the geologists do their detective work with the information from the 7 drills.
If you have read my last few posts on information I received from Magic regarding these you can see that the information at hand can lead to the whereabouts of the orebody.
I personally think they haven't drilled deep enough which is a similar pattern we've seen right around the Paterson.
The 7 drills are spread around 3 prospects, my personal view the reason for that is the Geo's believe the main ore body is somewhere there but constraints on budgets has held them back.
The amount of mineral alteration that we've seen leads me to believe there's something big feeding it.