tag:blogger.com,1999:blog-6272793377504221569.post8804068802779526812..comments2024-02-05T00:42:53.074-08:00Comments on Angry Geologist: Anta Kori UpdateThe Angry Geologisthttp://www.blogger.com/profile/04955645007432969022noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6272793377504221569.post-32378063240652834462019-03-02T16:15:54.596-08:002019-03-02T16:15:54.596-08:00Yes I failed to mention how close you got on the t...Yes I failed to mention how close you got on the tonnnage, that is really excellent work AG! Please don't let the trolls discourage you, we need to have EXCELLENT independent work like you provide available to the public!!!<br /><br />I do want to correct one thing, which is that the mineral resources being reported are actually constrained in a pit shell albeit one that lays back on the adjacent property. This would have to clearly be a "superpit", but I don't think they are including any resource that is outside a potential pit with 45 degree slopes with lay backs. There might be some nitpicks with that approach for sure but I think it is still somewhat comparable with other resource estimates that are prepared with some pit constraints applied (in other words, might be a bit aggressive especially on the deeper mineralization but not ridiculously so).Tom Szabohttps://www.blogger.com/profile/14556411767867670182noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-35505311499973140422019-03-01T22:19:57.260-08:002019-03-01T22:19:57.260-08:00I also liked how they didn't split the resourc...I also liked how they didn't split the resource into open-pit and underground mineralization. <br /><br />Regulus are stating the obvious, for this project to be successful, it needs to be consolidated (i.e. them getting bought out or forming a JV) into a single entity.The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-13933945858102751192019-03-01T17:43:45.331-08:002019-03-01T17:43:45.331-08:00When I used the 0.3CuEq cut-off I was close on the...When I used the 0.3CuEq cut-off I was close on the tonnes, but way under on grade (511Mt @ 0.58% CuEq).<br /><br />I'll re-run my numbers using the CuEq calculation in the resource press release, as they may be using different ratios than were used when announcing the drill results (a 5 year trailing average vs discounted spot).The Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-17907651155290573092019-03-01T17:07:30.369-08:002019-03-01T17:07:30.369-08:00https://globenewswire.com/news-release/2019/03/01/...https://globenewswire.com/news-release/2019/03/01/1745593/0/en/Regulus-Reports-Substantial-Increase-in-Resource-Estimate-at-Antakori-Copper-Gold-Project-Peru.html<br /><br />On first look, they pegged the higher 0.5% cutoff with 296Mt of 0.92% CuEq. So quite a bit of improvement even over the TAG OBRC. Shares ran up a bit ahead of time, will be interesting to see next week's reaction. It looks pretty good to me but Mr. Market is a free thinker with sometimes very unusual idea.Tom Szabohttps://www.blogger.com/profile/14556411767867670182noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-71447331921533303532019-02-19T02:55:11.299-08:002019-02-19T02:55:11.299-08:00I always enjoy reading your take. Well done Angry...I always enjoy reading your take. Well done Angry G. Stephen Stewarthttps://www.blogger.com/profile/14076274567997875699noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-6672541706790974712019-02-18T00:17:02.902-08:002019-02-18T00:17:02.902-08:00Bill, in one word: Permits. They are partly drilli...Bill, in one word: Permits. They are partly drilling with CMC's Mine permit at the moment (hence the undercutting of the REG targets). The application is running with a rough guidance of permit approval by mid 19.<br /><br />REG hasn't encountered any Oxide, only sulfides. CMC is ofcourse looking for more Oxide, it has found some more areas through the years but that seems to have stopped as they encountered the HS Sulfides underneath the current pit (LOM +-6years). They are some indications (Annual report notes etc) that CMC is preparing an updated RE in parallel with REGPetenoreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-72177591125126171252019-02-17T10:18:33.803-08:002019-02-17T10:18:33.803-08:00I agree that the 2012 report was brief to the poin...I agree that the 2012 report was brief to the point of non compliance. Some of the assumptions are pie in the sky at best....90% recovery on all metals??? One item I noted...the deposit has high arsenic and antimony, which restricts who will treat it.<br /><br />I wonder why they haven't drilled several of the targets, including the possible porphyry to the NW. Also, it would be great to see past drill results on the open pit next door. This pit appears to be part of a leach operation, which makes me ask the question...what percent of the CuT is oxide? No mention of oxide in the tech report. Also....If any, how deep does the oxide extend? And is there a supergene zone?<br /><br />The corporate game plan appears to be exploration/development/sell. The logical buyer would be the guys to the South, and their reserves are rapidly dwindling, which puts pressure on them to do a deal. <br /><br />Looking forward to seeing Regulus' updated technical report.<br /><br />Bill Mracekhttps://www.blogger.com/profile/16406350978140431625noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-56016381895456319122019-02-17T06:07:42.339-08:002019-02-17T06:07:42.339-08:00i see, thxi see, thxelhttps://www.blogger.com/profile/13090598629209511622noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-74120910864881780552019-02-16T06:52:28.898-08:002019-02-16T06:52:28.898-08:00Hello El,
I'm not splitting out underground a...Hello El,<br /><br />I'm not splitting out underground and open pit resources. I think that we need to treat the deposit as a single entity, as I think that Coimolache will buy Regulus to control all of the deposit and mine it by an open pit.<br /><br />The pink 0.5% CuEq TAG BS resource star on the chart is to make people look beyond the overall tonnes for the deposit and focus on the higher-grade core to see if it is big enough to entice the take out of Regulus.<br /><br />Basically I'm saying that we need to look at the >0.5% CuEq cut-off to see if the open pit resources are good enough. For underground we'll probably need >0.7%CuEqThe Angry Geologisthttps://www.blogger.com/profile/04955645007432969022noreply@blogger.comtag:blogger.com,1999:blog-6272793377504221569.post-15435924608999176132019-02-16T01:27:29.339-08:002019-02-16T01:27:29.339-08:00Thank you for the article.
Could you explain if th...Thank you for the article.<br />Could you explain if the global resource and grade comparison is mixed with both underground and open pit mines?<br /><br />I mean this image:<br /><br />http://4.bp.blogspot.com/-QvCuzoC3w9w/XGYM3yUo7rI/AAAAAAAADxs/grGYb4L_6aAdtPzYa_hHeEcgCDGlySLUQCK4BGAYYCw/s1600/AK%2Blocation.JPG<br /><br />If it does, how can we make something out of it, do we need to assume that 0.5 CuEq can be enough to be mined from an UG operation?elhttps://www.blogger.com/profile/13090598629209511622noreply@blogger.com