Wednesday, September 26, 2018

Alpala - Resource Update

Again, following on from the last post about the potential inaccurate grade used for the high-grade zones by Leapfrog in the Nickel Mountain numbers, I've also updated the Alpala resources to include a 2% and 3% CuEq grade shells.



You can see that it has a big impact, I've added an additional 275,000 tonnes which increases the grade of the >0.9% CuEq zone from 1.24% CuEq to 1.36% CuEq.

I should do this more often......
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13 comments:

  1. Bill MracekSeptember 30, 2018 at 5:59 AM

    I don't understand the purpose of attempting a rough estimate. Are you trying to compare your model to SRK's? I think they did a pretty good job on theirs.

    ReplyDelete
    Replies
    1. Tom SzaboOctober 2, 2018 at 7:33 AM

      It's an update that attempts to include the drilling done after the SRK maiden resource. Focused on economic mineralization assuming it will be a block cave mine not open pit.

      Delete
    2. Bill MracekOctober 3, 2018 at 6:10 AM

      To be truly comparable it should use the same CuEq cutoff. SRK used 1.1% CuEq as their cutoff for block cave.

      Delete
    3. Tom SzaboOctober 5, 2018 at 11:59 AM

      Is it meant to be "truly comparable"? It says right there at the top, "officially bad". LOL

      Delete
    4. Bill MracekOctober 5, 2018 at 7:27 PM

      Self deprecating language for sure. Hopefully SRK will have an update soon.

      Delete
    5. Bill MracekOctober 6, 2018 at 6:32 AM

      Looks like December for the update. They have some great intercepts but the grade remains a little bit on the skinny side.

      https://ca.finance.yahoo.com/news/cascabel-exploration-alpala-mineral-expected-120000863.html?soc_src=strm&soc_trk=fb

      Delete
    6. The Angry GeologistOctober 7, 2018 at 9:25 PM

      That is why I did the update. They've been getting good hits, but they've generally been in the same area and I wasn't seeing where they could be adding significant tonnes to the initial resource.

      Basically, we would get the approx. the same tonnages and grades, but just in a 'better' resource category.

      Delete
  2. Miner WhinerOctober 3, 2018 at 5:56 AM

    Hi TAG - are you able to take a crack at the Ivanhoe Makoko discovery? Seems like it could be pretty material for a midcap miner. They said in the PR a resource estimate will be available sometime this quarter so maybe a nice opportunity to get in front of it!

    ReplyDelete
    Replies
    1. Miner WhinerOctober 8, 2018 at 6:12 AM

      Thank you, you are awesome. Great work as always!

      Delete
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