I guess thats a possibility, I think it was Jack Trounson that floated the idea of the wide formation. As far as I'm aware it was just a hypothesis, but I'm guessing he had some reasoning behind it.
The elevation of the target site is considerably higher than the portal of the Tuckingmill decline, with a target depth 200m below surface, meaning the target us above the south crofty water level.
As a result its possible to drive a tunnel to it and drain it into the Crofty water treatment plant, enabling disposal of the water.
The majority ofvtge tunnel would be in the granite mass, providing good tunneling conditions, with it taking about 18 months to bring the area to a production ready state.
The great flat lode is a massive structure (hence the name), which persists for around 3km strike, it has been speculated for many years that there is a parallel structure between crofty and the the GFL, if tgat proved to be the case you could be talking tens of millions of tonnes of additional resource.
Cornish metals have submitted another planning application this week, this time for drilling on the South Side of Carn Brea approximately 1.4km from South Crofty.
This a possible pay shoot of the great flat lode tgat was never mined.
This is Trelavour pit, where cornish Lithium have been drilling.
Nanpean
https://maps.app.goo.gl/ruENrWmZzeRVtMn37
One thingvthat makes Cornwall different from other mica and clay Lithium areas is the hard work of mining has been done. We have thousands of acres of mica dams (the mica is removed as part of the China clay processing). Where they have been drilling it is in the bottom of existing clay pits, so there's no stripping to get to the material.
No a resource grade of 1.6% is not world class - its not bad. What was world class yesterday was intercepts of around 4.5% over 20m.
Ming and Little Deer are similar in that they are both VMS deposits, but thats pretty much it. If Little Deer r had tge intercepts that Ming has it would be an outstanding mine and if Ming Mine gad the ore body structure of Little Deer it would be an amazing mine.
Little Deervis closer to a traditional Lode style mine, it has reasonable width over a decent strike, with a favourable dip which makes it easy to mine using standard longitudinal sub level open stoping.
Ming is much more complex with a shallow dip requiring a mx of room and pillar and modified transverse open stoping, which means there is a lot more development in waste rock pushing up the mining costs.
You'll probably see crofty if you watch the tour of Britain next week
They are still drilling, I think they are on hole 12 at the moment. They are still refencing South Crofty as well
Hi chopper, how are you?
Sorry been quite busy today.
Heres the challenge, can you find an explorer with similar grades and widths as those announced today? You really will struggle, ultimately they are world class.
In mining there is a saying - grade is king. It doesn't matter what management, what jurisdiction, if you haven't got the grade , you're stuffed. We have the grade.
I wouldn't worry about the gold too much, its a nice bonus. 5% copper gives an ore value of $450/tonne, that is the equivalent of over 7g/t gold.
No I'm still here just can't be bothered to argue with idiots. On the grades they are absolutely huge, you will struggle to find better. This should see the run if mine grade in excess of 2% next year - next year should be a very good year.
Until several months ago (just prior to the AIM listing) the company name was Strongbow exploration
Tin ore is the amount if ore at a percentage, so 10 million tonnes @ 1% contains 100,000 tonnes of tin as an example. You could multiply that by the tin price which would give you an in ground valuation, so take a tin price of $30,000, that would value that at $3 billion.
You're never going to recieve $3 billion though, as you first need to take into account the mining recovery ((say 80%) and then the metallurgical recovery, say 75%.
It will come, every day block 6 is a bit closer
Geothermal Engineering have announced their next 4 sites, one of them is at Tolvaddon, which is in close proximity to South Crofty and on Cornish Metals mineral rights.
Who says we're always 2 scats behind down here
Geothermal engineering have signed heads of terms on sites for another 4 Geothermal power plants, which they believe can produce upto 4,000 tonnes of Lithium per year. Its likely these will be in conjunction with Cornish Lithium through the Geocubed partnership.
While Cornish Metals won't have the free carry tgat they do at United Downs, there is a good chance tgat one or more of these projects will be on Cornish Metals mineral rights, which will presumably bring royalty payments.
The question is are any of tge additional sites also on cornish metals mineral rights. I would be beyond amazed if at least one wasn't
Thought you might be interested in this
https://cornishstuff.com/2021/08/11/worlds-highest-level-of-lithium-in-geothermal-waters-found-in-cornwall/?fbclid=IwAR2mRlmoKmh0X678BmF2uYxt7NH6A1YzE-AxcCRCy2AgV2nE5xzvmz5gv-g
Indeed it is, with deposit like Kiruna in Sweden, its going to be many centuries before we need to think about mining the iron deposits found in the UK.