Someone says the Bokan is uneconomicale for 30 or 40 more years , look how thick this stuff is .
June 08, 2019 - 02:57 AM 94 Reads
Bokan --- "uneconomicale" ( really )
" January 28, 2015; " The existing Bokan resource currently extends to an average depth of 220 metres. The five deeper holes from the 2014 program intersect the mineralized zone an average of 100 metres below all previous drill intersections"......" The potential for significant resource expansion, as well as PROSPECTIVELY ADDING YEARS TO THE MINE LIFE considered by our Preliminary Economic Assessment is a significant development for the project." ---------- February 03, 2015; " In addition to the above noted infill drill holes, 5 geotechnical holes and 8 monitoring wells totalling 602 meters were drilled to provide design data for the development of the proposed engineered facilities associated with the current mine plan". ------ May 11 , 2015;" The Company is additionally pleased to report that the anomalous skew towards the more valuable heavy rare earths (HREO) REMAINS CONSISTENT ACROSS THE ENTIRE DEPOSIT, at approximately 40% of total rare earths (TREO). The Resource remains open both at depth and along strike"......." Whats more, the Resource remains open at depth and along strike, with the prospect of ongoing exploration even after production has been achieved. This Resource upgrade, together with our recent advances in Molecular Recognition Technology for refining applications, makes for a compelling MINE to METAL story at Bokan......."In keeping with the initial mine design set out by Stantec Inc. of Tempe, AZ, (Stantec; released April 18, 2012), the upgraded Mineral Resource EXCLUDES THE I&L Zone (PREVIOUSLY INCLUDED in the initial resource estimate released by the Company March 7, 2011). On the recommendation of Stantec, I&L mineralization, located outside of the primary Dotson Zone of mineralization, will be examined as part of a PROSPECTIVE Phase II mine expansion program AFTER THE COMMEMCEMENT of initial mine production.". -------Low and behold, the very last sentence of this press release and was also the last we heard of "Bokan".............." The Company is working towards the completion of a Feasibility Study, WHICH WILL INCORPORATE THE RESULSTS of this upgraded Mineral Resource estimate". -------------- Where is the Feasibility Study? People with mining & market experience, see what they've done just from these 3 press release
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